Budget & Taxes (Small Business)

in committee · United States · Senate Feb 24, 2025

S 695: Small Business Investment Act of 2025

The Small Business Investment Act of 2025 modifies tax rules to make gains from selling qualified small business stock (QSBS) more favorable for investors. It shortens the required holding period from five years to three years, with a phased exclusion: 50% of gains excluded after three years, 75% after four, and 100% after five years or more. The bill also allows investors to count the time they held convertible debt instruments toward the holding period for the stock they convert into, and removes the prior requirement that businesses must be C corporations, expanding the exclusion to include S corporations. These changes directly affect small business investors by altering the tax benefits available when selling qualifying stock.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides tax exclusions for investors, creating a tax break primarily for wealthy individuals by shortening holding periods for QSBS gains.85% confidence

Tags Small Business

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in committee · United States · Senate Jan 23, 2025

S 213: Main Street Tax Certainty Act

S 213, the Main Street Tax Certainty Act, makes the qualified business income deduction permanent for small business owners. It directly affects pass-through business owners (like sole proprietors and small partnerships) who currently benefit from this tax break. The bill removes the temporary expiration of Section 199A of the tax code, providing long-term certainty for these taxpayers by ensuring they can continue deducting up to 20% of their qualified business income.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes qualified business income tax deduction permanent for small businesses, providing ongoing tax relief and certainty - directly supporting tax policy for middle-income earners.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

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in committee · United States · House Jan 3, 2025

HR 110: Small Business Prosperity Act of 2025

The Small Business Prosperity Act of 2025 increases tax relief for small business owners by raising the Qualified Business Income (QBI) deduction rate from 20% to 43% (47% after 2025), removes wage-based limits on eligibility, and expands the deduction to include professions like law and medicine. It also prevents taxable events when businesses restructure without changing ownership and repeals the federal estate tax for deaths after 2024. These changes directly affect pass-through business owners (e.g., sole proprietors, partnerships, S corporations) in the U.S. and Puerto Rico, lowering their federal tax burden. The bill takes effect for tax returns filed in 2025 and later.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases QBI tax deduction for small businesses, removes eligibility limits, and expands relief - direct tax cuts supporting business owners per bill summary.95% confidence

Sub-Topics Business Taxes Tags Small Business

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in committee · United States · Senate Jul 24, 2025

S 2443: Veterans Jobs Opportunity Act

S 2443, the Veterans Jobs Opportunity Act, creates a federal tax credit for veteran-owned small businesses. It provides a 15% credit on up to $50,000 in qualified start-up expenses (like equipment or real property) for businesses owned and controlled by veterans or their spouses, located in underserved communities (such as HUBZone areas, empowerment zones, or low-income counties). The credit applies only to the first two taxable years of business operations and requires the business to meet specific size thresholds (under $5 million in gross receipts or 50 full-time employees). This policy directly supports veterans starting businesses in economically disadvantaged areas through tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 15% tax credit for veteran small business start-up costs, a form of tax relief targeting underserved communities.95% confidence ✓ VeteransSupports VeteransProvides 15% tax credit for veteran-owned small businesses' startup costs, directly supporting veteran employment opportunities through financial incentives.95% confidence

Sub-Topics Tax Credits Veteran Education Veteran Employment Veteran Mental Health Tags Small Business

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in committee · United States · House Jul 21, 2025

HR 4548: Small Nonprofit Retirement Security Act of 2025

This bill creates new retirement savings credits for small tax-exempt nonprofits (like community centers or charities) that start or maintain retirement plans. It allows these organizations to claim a credit equal to either their calculated credit amount or their payroll taxes paid during the year, whichever is smaller. The credit applies to both startup costs for new plans and auto-enrollment features, capping the credit at the employer's payroll tax liability. The bill takes effect for taxable years after December 2024, with offsetting funds transferred to Social Security Trust Funds to maintain existing revenue streams.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for nonprofits' payroll taxes, reducing their tax liability to encourage retirement plans. This provides tax relief, aligning with SUPPORT indicators for tax policy.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands retirement benefits for nonprofit employees by creating tax credits for retirement plans, directly supporting worker benefits under employment standards.95% confidence

Sub-Topics Retirement Benefits Tags Small Business

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in committee · United States · Senate May 6, 2025

S 1613: Tax Relief for New Businesses Act

This bill, S 1613 (Tax Relief for New Businesses Act), simplifies tax deductions for new businesses forming corporations or partnerships. It combines "start-up" and "organizational" expenses into one deductible category, increasing the annual deduction limit from $5,000 to $50,000 (and the phaseout threshold from $50,000 to $150,000). It also creates special rules allowing new businesses to treat start-up/organizational losses separately when calculating net operating loss carryforwards, with more favorable tax treatment for these losses. The changes apply to expenses paid or incurred in taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax deductions for new businesses, providing direct tax relief under tax policy.90% confidence

Sub-Topics Business Taxes Tags Small Business

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in committee · United States · Senate Jun 9, 2025

S 1998: Small Business Tax Fairness and Compliance Simplification Act

This bill extends a tax credit for employer social security taxes related to tips earned by employees in beauty service businesses (including barbering, nail care, esthetics, and spa treatments). It requires that tips from these services exceed 15% of the business's gross receipts to qualify for the credit. The bill also creates a "tip reporting safe harbor" for beauty service employers who implement training programs, monthly tip reporting by employees, and maintain records for four years, shielding them from IRS tip examinations unless an employee complaint arises. Additionally, it mandates that landlords renting space to two or more beauty service businesses (with $600+ in annual rent) must report rental income details to the IRS. These provisions apply to taxable years beginning after 2024 or 2025, depending on the section.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends tax credit for beauty service businesses, reducing tax burden and simplifying compliance through tip reporting requirements.90% confidence

Sub-Topics Business Taxes Tax Credits Tags Small Business

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in committee · United States · House Aug 8, 2025

HR 4933: Research and Development Tax Credit Expansion Act of 2025

HR 4933, the Research and Development Tax Credit Expansion Act of 2025, expands tax benefits for small businesses conducting research. It increases the refundable R&D credit rate to 20% (from 14%) for qualified small businesses, adjusts credit amounts for inflation annually, and allows the credit to be refunded against unemployment taxes instead of just income taxes. The bill broadens eligibility by raising the gross receipts threshold from $5 million to $10 million for "qualified small businesses" and modifies rules for calculating credits in early years of research activity. These changes apply to taxable years beginning after December 31, 2025, directly affecting qualifying small businesses with under $25 million in annual revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands refundable R&D tax credit for small businesses, increasing rate to 20% and broadening eligibility, directly providing tax relief and incentivizing business investment.95% confidence ✓ TechnologySupports TechnologyExpands R&D tax credits for small businesses, directly funding technology innovation and development through increased refundable credits and broader eligibility.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Small Business

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in committee · United States · Senate Sep 18, 2025

S 2875: CHOICE Act

The CHOICE Act creates a new type of employer-funded health benefit called a "CHOICE arrangement," allowing small employers to reimburse employees for individual health insurance costs. It directly affects small businesses (not large employers under ACA rules) and their employees who choose individual marketplace coverage or specific government health programs. Key provisions include employer tax credits ($100/month for the first year, $50/month for the second year per employee), strict rules to prevent discrimination in plan access, and requirements for employees to maintain qualifying health coverage. The law takes effect for plan years beginning after December 31, 2025, providing a new option for small employers to offer health benefits without traditional group plans.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides employer tax credits ($100-$50/month) to reduce small business tax burden, aligning with tax relief support for middle-income entities.90% confidence ✓ HealthcareSupports HealthcareCreates employer tax credits for individual insurance reimbursement, expanding small business employee access to coverage options95% confidence

Sub-Topics Insurance Tags Small Business

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in committee · United States · Senate Dec 11, 2025

S 3459: Support Small Business Growth Act of 2025

This bill creates a new payroll tax deduction for qualifying small businesses, allowing them to deduct 12% of wages paid to designated low-wage employees. It directly affects small businesses meeting specific criteria: those with no more than 15 full-time employees, meeting gross receipts limits, and certifying compliance. The deduction applies only to the lowest-wage full-time employees (excluding high earners), with the number of eligible employees decreasing annually (starting at 10 in 2026 and ending at 4 in 2033). The provision expires after 2033 and applies to taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates payroll tax deduction for small businesses, reducing tax burden on qualifying entities and low-wage employees, aligning with tax relief indicators.95% confidence

Sub-Topics Business Taxes Tags Small Business

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