HR 3725
REST Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Relief and Equity for Small businesses through Tax Act (REST Act), aims to provide a tax benefit to small businesses. It increases the qualified business income deduction for taxpayers with taxable incomes under $100,000 from 20% to 25%. This change is intended to provide more financial relief to smaller businesses and encourage entrepreneurship. The increased deduction will apply to taxable years beginning after the bill’s enactment.
Sponsors
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Primary sponsor
Marie Newman
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