HR 8415
Small Business Tax Cut Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 1:44 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 Cut Act aims to provide a larger tax deduction for small businesses by increasing the percentage of qualified business income (QBI) that can be deducted from 20% to 23%. It also modifies how this deduction is calculated based on a business’s taxable income, offering a phase-in period for higher-income businesses. Additionally, the bill expands the definition of qualified business income to include dividends from qualified business development companies (BDCs).
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