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HR 108 · 118th Congress

Small Business Prosperity Act of 2023

This bill makes several major changes to how small business owners and self-employed people are taxed. The centerpiece is expanding a tax break called the "qualified business income deduction," which lets business owners deduct a portion of their business profits from their taxable income. Currently, this deduction…

Sponsor
Biggs, Andy (R-AZ)
Introduced
2023-01-09
Policy area
Taxation
Latest action
Referred to the House Committee on Ways and Means.

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