Bennet Bill would Provide Tax Cuts for Small Businesses
Would Allow Increase Amount Small Businesses Can Expense, Free Up Capital for New Investments
May 20, 2015
Colorado U.S. Senator Michael Bennet today introduced a bill to provide tax relief to small businesses by increasing the amount of costs for capital equipment they can expense, or write off, in a given year. The higher cap would help small businesses free up capital quicker to invest in new purchases and help grow their businesses and the economy.