HR 3725 · 117th Congress

REST Act

<p><strong>Relief and Equity for Small businesses through Tax Act or the REST Act</strong></p> <p>This bill increases from 20% to 25% the rate of the tax deduction for the business income of taxpayers whose taxable income does not exceed $100,000.</p>

Sponsor

Newman, Marie (D-IL)

Introduced

2021-06-04

Policy area

Taxation

Latest action

Referred to the House Committee on Ways and Means.