Section 1. Short title
This Act may be cited as the Small Business Growth Act.
(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.