Skip to main content
HR 2971 116th Congress House Taxation Income tax deductions Small business Tax administration and collection, taxpayers

Freedom for Small Businesses Act of 2019

Introduced: May 23, 2019 Introduced by: Biggs, Andy Republican · Arizona See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 23, 2019
Referred to the House Committee on Ways and Means.
May 23, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Freedom for Small Businesses Act of 2019

This bill revises the tax deduction for qualified business income to (1) make such deduction permanent, (2) limit to 21% the top tax rate on qualified business income, (3) repeal the limitation on the deduction based on amount of wages paid, and (4) revise the definition of qualified trade or business to mean any trade or business other than the trade of business of performing services as an employee.

What's happening now May 23, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1