Bill116th CongressFiled May 23, 2019Taxation
H.R. 2971
Freedom for Small Businesses Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 23, 2019)
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 just happenedMay 23, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Biggs, Andy [R-AZ-5](R-AZ)Sponsor
1committees3actions2related bills3subjects
- Introduced in HouseMay 23, 2019
- May 23, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 23, 2019IntroReferralIntro-H
Introduced in House
- May 23, 2019IntroReferral1000
Introduced in House