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Freedom for Small Businesses Act of 2019

USA116th CongressHR-2971| House 
| Updated: 5/23/2019
Andy Biggs

Andy Biggs

Republican Representative

Arizona

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Freedom for Small Businesses Act of 2019 This bill revises the tax deduction for qualified business income to (1) make such deduction permanent, (2) limit to 21% the top tax rate on qualified business income, (3) repeal the limitation on the deduction based on amount of wages paid, and (4) revise the definition of qualified trade or business to mean any trade or business other than the trade of business of performing services as an employee.
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Timeline
May 23, 2019
Introduced in House
May 23, 2019
Referred to the House Committee on Ways and Means.
  • May 23, 2019
    Introduced in House


  • May 23, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 116-6396: Responsible Relief for Americans Act
  • HR 116-4947: Small Business Prosperity Act of 2019
Income tax deductionsSmall businessTax administration and collection, taxpayers

Freedom for Small Businesses Act of 2019

USA116th CongressHR-2971| House 
| Updated: 5/23/2019
Freedom for Small Businesses Act of 2019 This bill revises the tax deduction for qualified business income to (1) make such deduction permanent, (2) limit to 21% the top tax rate on qualified business income, (3) repeal the limitation on the deduction based on amount of wages paid, and (4) revise the definition of qualified trade or business to mean any trade or business other than the trade of business of performing services as an employee.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 23, 2019
Introduced in House
May 23, 2019
Referred to the House Committee on Ways and Means.
  • May 23, 2019
    Introduced in House


  • May 23, 2019
    Referred to the House Committee on Ways and Means.
Andy Biggs

Andy Biggs

Republican Representative

Arizona

Ways and Means Committee

Taxation

Related Bills

  • HR 116-6396: Responsible Relief for Americans Act
  • HR 116-4947: Small Business Prosperity Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax deductionsSmall businessTax administration and collection, taxpayers