S 1688
Growing America’s Small Businesses and Manufacturing Act
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Bill overview
This bill, the Growing America’s Small Businesses and Manufacturing Act, permanently extends certain tax provisions that benefit small businesses and manufacturers. Specifically, it increases the amount businesses can deduct for depreciation and amortization of assets, and it raises the limit on the amount of expenses businesses can deduct in a single year under Section 179. These changes are designed to encourage investment and growth within the small business sector.
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