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H.R. 3178 · 111th Congress · 2009–2010

Small Business Growth Act of 2009

H.R. 3178 in the 111th Congress (2009–2010) was introduced on Jul 10, 2009, sponsored by Betsy Markey with 16 co-sponsors.

During the 111th Congress (2009–2010), Barack Obama was president, and Democrats held majorities in both the House and Senate.

Status
Introduced
Introduced
Jul 10, 2009
Co-sponsors
16
Policy area
Taxation

What it does

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.

Summary by the nonpartisan Congressional Research Service.

Sponsor

Betsy Markey (D-CO). Co-sponsors: 12 Democrats, 4 Republicans.

Where it stands

  • IntroducedJul 10, 2009
  • Passed the House—
  • Passed the Senate—
  • Sent to the President—
  • Became law—

Latest action: Referred to the House Committee on Ways and Means. (Jul 10, 2009)

More bills from Betsy Markey in the 111th Congress

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From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “H.R. 3178 (111th Congress): Small Business Growth Act of 2009,” https://www.capitolreceipts.com/bill/111-hr-3178/small-business-growth-act-of-2009 (accessed 2026-10-17).

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