HR 3275
Small Business Tax Relief Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 1:40 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Small Business Tax Relief Act lowers the corporate tax rate for small businesses and addresses the "carried interest loophole." It establishes a graduated corporate tax rate, with a 18% rate for businesses with taxable income under $400,000 and a 21% rate for amounts exceeding that threshold. The bill also modifies partnership rules to treat transfers of partnership interests in connection with services as a sale, impacting how income and losses are reported. Finally, it introduces special rules for investment services partnerships, aiming to ensure that gains and losses from these partnerships are taxed appropriately.
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