HR 3725 · 117th Congress · Taxation

REST Act

Introduced 2021-06-04· Sponsored by Rep. Newman, Marie [D-IL-3]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-06-04)

Plain Language Summary

[AI summary unavailable — showing source text] Relief and Equity for Small businesses through Tax Act or the REST Act This bill increases from 20% to 25% the rate of the tax deduction for the business income of taxpayers whose taxable income does not exceed $100,000.…

Summarized by Claude AI · Non-partisan · For informational purposes only