S. 1688 Introduced Taxation

Growing America’s Small Businesses and Manufacturing Act

A bill to amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest and for other purposes.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Barrasso, John [R-WY] Introduced May 8, 2025 Cosponsors 11 (11 R) Latest action May 8, 2025

Summary

The Congressional Research Service has not published a summary of this bill yet.

Congress.gov

Actions

  1. May 8, 2025 Read twice and referred to the Committee on Finance. (text: CR S2841)
  2. May 8, 2025 Introduced in Senate

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