Small Business Prosperity Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Jan 3, 2025
What it does
The Small Business Prosperity Act of 2025 would amend the Internal Revenue Code to permanently expand the deduction for qualified business income under Section 199A, increasing the deduction rate from 20% to 43% (rising to 47% after 2025) and eliminating key limitations such as W-2 wage caps and the exclusion of specified service trades or businesses. It would also repeal the estate tax for estates of decedents dying after December 31, 2024, while retaining the basis step-up rule, and clarify that changes in corporate structure without changes in ownership, interests, or assets (beyond de minimis asset changes) are not taxable events if occurring after December 31, 2024. These changes would…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
While a bill can still move, the questions are about people and money.