H.R. 2971
Referred to CommitteeFreedom for Small Businesses Act of 2019
Latest Action
Referred to the House Committee on Ways and Means.
5/23/2019 • House
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.
Introduced in House • 5/23/2019
Topics & Subjects
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Bill Journey
Originated in the House
Introduced
May 23, 2019
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law