Small Business Prosperity Act of 2023

referredUnited States· United States Congress· EN

Introduced

9 January 2023

Last action

9 January 2023 · Introduced

Status

Referred to the House Committee on Ways and Means.

Summary

Small Business Prosperity Act of 2023 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) 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. The bill provides that a change in the organizational structure of a corporation is not a taxable event if there is no change among the owners, their ownership interests, or the assets of the organization, The bill repeals the estate tax after 2022.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

9 January 2023
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
9 January 2023
Introduced
Introduced in House
Source: IntroReferral
9 January 2023
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 9 January 2023 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 9 January 2023
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Introduced in House (PDF)
Introduced in House · EN · 9 January 2023
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Introduced in House
summary · EN · 9 January 2023
Open at official source
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to ← Small Business Prosperity Act of 2022

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/118th-congress/house-bill/108
Open data entity: https://api.congress.gov/v3/bill/118/hr/108
us · 118-hr-108 · source updated 24 July 2024