HR 6458
Small Business Investor Tax Parity Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to level the tax playing field for investors in small businesses by allowing them to deduct dividends from qualified business development companies (BDCs) in the same way as dividends from qualified real estate investment trusts (REITs). Currently, these dividends are taxed differently, and this legislation seeks to change that. It does this by clarifying the definition of ‘qualified BDC interest dividends’ and applying the existing deduction rules to them.
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Primary sponsor
Cosponsors
A. Drew, IV Ferguson
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