H.R. 3178 · 111th Congress
Small Business Growth Act of 2009
- Stage
- In committee
- Sponsor
- Betsy Markey
- Introduced
- 2009-07-10
- Latest action
- 2009-07-10 · Introduced in House
Summary
Small Business Growth Act of 2009 - Amends the Internal Revenue Code to allow small business taxpayers with gross receipts of $5 million or less to elect to expense certain depreciable real property in the year such property is placed in service. Limits the amount of such expensing allowance to $125,000, adjusted for inflation after 2009.