HR 7795 · 117th Congress

Small Business Prosperity Act of 2022

<p><strong>Small Business Prosperity Act of 2022</strong></p> <p>This bill modifies 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)…

Sponsor

Rep. Biggs, Andy [R-AZ-5] (R-AZ)

Introduced

2022-05-17

Policy area

Taxation

Latest action

Referred to the House Committee on Ways and Means.