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H.R. 354

U.S. House•In House Committee

Summary

H.R. 354, the Small Business Growth Act, was introduced in the House on Jan 13, 2025 by Rep. Blake Moore (R) with 8 co-sponsors. It was referred to Ways And Means, and last saw action on Jan 13, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 354 has 8 co-sponsors.

hb354/introduced-in-house.txt
119 HR 354 IH: Small Business Growth Act
 U.S. House of Representatives
 2025-01-13
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 354  IN THE HOUSE OF REPRESENTATIVES   January 13, 2025   Mr. Moore of Utah  (for himself,  Mr. Buchanan ,  Mr. Smith of Nebraska ,  Mr. Smucker ,  Mrs. Miller of West Virginia ,  Mr. Fitzpatrick , and  Ms. Tenney ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to increase the limitations on expensing of depreciable business assets.
1.
Short title
This Act may be cited as the   Small Business Growth Act  .
2.
Increase in limitations on expensing of depreciable business assets
(a)
In general
 Section 179(b)  of the Internal Revenue Code of 1986 is amended—
(1)
by striking  $1,000,000  in paragraph (1) and inserting  $2,000,000 , and
(2)
by striking  $2,500,000  in paragraph (2) and inserting  $3,500,000 .
(b)
Inflation adjustment
Section 179(b)(6) of such Code is amended—
(1)
by striking  2018  and inserting  2026 (2018 in the case of the dollar amount in paragraph (5)(A)) , and
(2)
by striking  calendar year 2017  and inserting   calendar year 2025  ( calendar year 2017  in the case of the dollar amount in paragraph (5)(A)) .
(c)
Effective date
The amendments made by this section shall apply to property placed in service in taxable years beginning after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-01-13
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to increase the limitations on expensing of depreciable business assets.

Sponsors

Rep. Blake Moore (R) sponsors H.R. 354, and 8 members have co-sponsored it, 6 of them from the day it was introduced.

Committees

H.R. 354 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Jan 13, 2025 · 1,160 Bills

Actions

H.R. 354 has taken 2 actions since Jan 13, 2025.

ChamberAction
Jan 13, 2025
House
Introduced in House
Jan 13, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 354 has not gone to a roll call.

Titles

H.R. 354 goes by 3 titles, 1 of them short titles.

  • Small Business Growth Act — Display Title
  • Small Business Growth Act — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to increase the limitations on expensing of depreciable business assets. — Official Title as Introduced

Lobbying

6 clients hired 6 firms and 36 registered lobbyists who named H.R. 354 in 19 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Labor Issues/Antitrust/Workplace, Environment/Superfund, Small Business, Budget/Appropriations, Roads/Highway, Health Issues, Immigration.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
AMERICAN TRUCKING ASSOCIATIONS—District of Columbia16—
ASSOCIATED GENERAL CONTRACTORS OF AMERICA—Virginia15—
NATIONAL ROOFING CONTRACTORS ASSOCIATION—District of Columbia13—
AMERICAN DENTAL ASSOCIATIONProfessional association of dentists.District of Columbia12$100K
SPECIALTY EQUIPMENT MARKET ASSOCIATION—District of Columbia12—
AMERICAN BAKERS ASSOCIATION—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
AMERICAN TRUCKING ASSOCIATIONS16—
ASSOCIATED GENERAL CONTRACTORS OF AMERICA15—
NATIONAL ROOFING CONTRACTORS ASSOCIATION13—
SPECIALTY EQUIPMENT MARKET ASSOCIATION12—
THE NICKLES GROUP, LLC12$100K
AMERICAN BAKERS ASSOCIATION11—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 36.

LobbyistFirmsClientsFilings
ALEXANDRA ROSEN116
DANIEL HILTON116
DARRIN ROTH116
HENRY HANSCOM116
JONATHAN EISEN116
JULIA CONVERTINI116
MIKE MATOUSEK116
NATHAN MEHRENS116
SEAN GARCIA116
WILLIAM SEHESTEDT116
ALEXANDER ETCHEN115
DENIZ MUSTAFA115
JAMES YOUNG115
JEFFREY SHOAF115
JOHN CHAMBERS115
EDWIN GILROY114
JONATHON PORTER114
BRADLEY STINE113
DUANE MUSSER113
JORDAN HOWARD113

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
AMERICAN TRUCKING ASSOCIATIONSAMERICAN TRUCKING ASSOCIATIONS2025 second_quarter$740K2nd Quarter - Report
AMERICAN TRUCKING ASSOCIATIONSAMERICAN TRUCKING ASSOCIATIONS2026 second_quarter$720K2nd Quarter - Report
AMERICAN TRUCKING ASSOCIATIONSAMERICAN TRUCKING ASSOCIATIONS2025 first_quarter$720K1st Quarter - Report
AMERICAN TRUCKING ASSOCIATIONSAMERICAN TRUCKING ASSOCIATIONS2026 first_quarter$620K1st Quarter - Report
AMERICAN TRUCKING ASSOCIATIONSAMERICAN TRUCKING ASSOCIATIONS2025 third_quarter$620K3rd Quarter - Report
AMERICAN TRUCKING ASSOCIATIONSAMERICAN TRUCKING ASSOCIATIONS2025 fourth_quarter$560K4th Quarter - Report
SPECIALTY EQUIPMENT MARKET ASSOCIATIONSPECIALTY EQUIPMENT MARKET ASSOCIATION2025 first_quarter$360K1st Quarter - Report
SPECIALTY EQUIPMENT MARKET ASSOCIATIONSPECIALTY EQUIPMENT MARKET ASSOCIATION2025 second_quarter$350K2nd Quarter - Report
ASSOCIATED GENERAL CONTRACTORS OF AMERICAASSOCIATED GENERAL CONTRACTORS OF AMERICA2026 second_quarter$216.4K2nd Quarter - Report
ASSOCIATED GENERAL CONTRACTORS OF AMERICAASSOCIATED GENERAL CONTRACTORS OF AMERICA2025 fourth_quarter$202.2K4th Quarter - Report
NATIONAL ROOFING CONTRACTORS ASSOCIATIONNATIONAL ROOFING CONTRACTORS ASSOCIATION2026 second_quarter$200K2nd Quarter - Report
NATIONAL ROOFING CONTRACTORS ASSOCIATIONNATIONAL ROOFING CONTRACTORS ASSOCIATION2026 first_quarter$200K1st Quarter - Report
NATIONAL ROOFING CONTRACTORS ASSOCIATIONNATIONAL ROOFING CONTRACTORS ASSOCIATION2025 fourth_quarter$200K4th Quarter - Report
ASSOCIATED GENERAL CONTRACTORS OF AMERICAASSOCIATED GENERAL CONTRACTORS OF AMERICA2026 first_quarter$195.9K1st Quarter - Report
AMERICAN BAKERS ASSOCIATIONAMERICAN BAKERS ASSOCIATION2025 first_quarter$120K1st Quarter - Report
ASSOCIATED GENERAL CONTRACTORS OF AMERICAASSOCIATED GENERAL CONTRACTORS OF AMERICA2025 second_quarter$111.2K2nd Quarter - Report
ASSOCIATED GENERAL CONTRACTORS OF AMERICAASSOCIATED GENERAL CONTRACTORS OF AMERICA2025 third_quarter$76.9K3rd Quarter - Report
AMERICAN DENTAL ASSOCIATIONTHE NICKLES GROUP, LLC2025 second_quarter$50K2nd Quarter - Amendme…
AMERICAN DENTAL ASSOCIATIONTHE NICKLES GROUP, LLC2025 first_quarter$50K1st Quarter - Report

Classification

The Congressional Research Service files H.R. 354 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 354’s is Taxation.

hr354/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 354, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 6 (Monday, January 13, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MOORE of Utah:H.R. 354.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H112]

Source: congress.gov · legiscan.com