Small Business Growth Act

This bill raises the limits for how much small businesses can “expense” (write off right away) when they buy equipment and other business property under Section 179 of the tax code. It also updates how those limits are adjusted for inflation. The phase-out threshold (the point where the write‑off starts shrinking) is set at $3.5 million. The exact new top expensing amount is increased, but the specific dollar figure is not shown in the provided text. These changes apply to property placed in service in tax years beginning after December 31, 2025.

Key points

• Who is affected: Small businesses that buy equipment or other depreciable property.
• What changes: Higher Section 179 expensing limits, a higher phase‑out threshold of $3,500,000, and updated inflation adjustments.
• When: For property placed in service in tax years beginning after December 31, 2025.