HR 110
Small Business Prosperity Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:00 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Small Business Prosperity Act of 2025 aims to boost tax relief for small businesses by permanently expanding the deduction for qualified business income (QBI). Specifically, it increases the deduction rate from 20% to 43% (47% starting in 2026), removes limitations based on W-2 wages, and clarifies the definition of a qualified trade or business. Additionally, the bill includes provisions related to cooperative payments and clarifies the application of the deduction for S corporations and taxpayers in Puerto Rico.
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