To amend the Internal Revenue Code of 1986 to allow the expensing of certain real property.
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.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1725)
Referred to the House Committee on Ways and Means.
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