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119-hr-8415Committee
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Small Business Tax Cut Act

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Summary

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This bill amends the Internal Revenue Code to increase the qualified business income (QBI) deduction from 20 percent to 23 percent for eligible business owners. It modifies income-based limitations on the deduction, extends the deduction to certain interest dividends from qualified business development companies, and adjusts the inflation adjustment baseline from 2018 to 2025. The changes apply to taxable years beginning after December 31, 2026.

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Bill details

Congress
119
Bill type
hr
Introduced
April 21, 2026
Sponsor
David KustoffRTN
Cosponsors
8
Last action
April 21, 2026— Referred to the House Committee on Ways and Means.

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