House
Apr 21, 2026

Small Business Tax Cut Act

Summary

AI Generated

This bill boosts a tax break for small business owners. It raises the deduction on qualified business income from 20% to 23%. It also eases limits for higher-income businesses to get the full deduction and adds a deduction for interest dividends from certain business development companies. Starts in 2027. Key impacts: Small business owners (like sole proprietors,...

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Bill Progress

Bill has been introduced and assigned a number

Introduced(4/21/26)
Committee
Passed House
Passed Senate
President
Law

Sponsor

DK

Mr. Kustoff

House (R) Tennessee – 8

Cosponsors (8)

Topics

Issues

Latest Action

Referred to the House Committee on Ways and Means.

Apr 21, 2026

View Bill on Congress.gov