Bill117th CongressFiled Jun 4, 2021Taxation
H.R. 3725
REST Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jun 4, 2021)
Relief and Equity for Small businesses through Tax Act or the REST Act
This bill increases from 20% to 25% the rate of the tax deduction for the business income of taxpayers whose taxable income does not exceed $100,000.
What just happenedJun 4, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Newman, Marie [D-IL-3](D-IL)Sponsor
1committees3actions
- Introduced in HouseJun 4, 2021
- Jun 4, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 4, 2021IntroReferralIntro-H
Introduced in House
- Jun 4, 2021IntroReferral1000
Introduced in House