Freedom for Small Businesses Act of 2019

Summary

Freedom for Small Businesses Act of 2019 This bill revises 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.

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Timeline

1. 23 May 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 23 May 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 May 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 23 May 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 May 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 May 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 23 May 2019

  Open at official source

Sponsors

• Andy Biggs · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← Small Business Prosperity Act of 2019
• related to ← Responsible Relief for Americans Act