To amend the Internal Revenue Code of 1986 to expand the deduction for qualified business income, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to expand the deduction for qualified business income, and for other purposes., changes federal law or congressional policy affecting workers, employers, and labor regulators. The main policy domain is Labor, Finance, Trade.
Who Benefits and How
workers, employers, and labor regulators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, workers, employers, and labor regulators may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H8CD48BDC52EC4E0D8BEC4B2AF8496DA8: 1. Short title This Act may be cited as the Small Business Prosperity Act of 2025.
- Section H1B866DF3AF754F1FB8879F58D3D3DA2A: 2. Increase and expansion of deduction for qualified business income Section 199A of the Internal Revenue Code of 1986 is amended by striking subsection (i)....
- Section H61BC319D58284C37BC430DED01E1835F: 3. No taxable event for change of corporate form Notwithstanding any provision of the Internal Revenue Code of 1986, a change in the organizational structure...
- Section H2305C6B024E944B5A5290C6525038121: 4. Repeal of estate tax and retention of basis step-up Effective for estates of decedents dying after December 31, 2024, chapter 11 of the Internal Revenue...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to expand the deduction for qualified business income, and for other purposes., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Key Policy Areas
Labor, Finance, Trade
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to expand the deduction for qualified business income, and for other purposes., changes federal law or congressional policy affecting workers, employers, and labor regulators.
Policy Domains
Whole bill
Identified Gains
- workers, employers, and labor regulators
Identified Costs
- federal implementing agencies
- workers, employers, and labor regulators
Sponsors
Legislative Progress
IntroducedMr. Biggs of Arizona introduced the following bill; which was …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology