Mom and Pop Tax Relief Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3249 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3249 To amend the Internal Revenue Code of 1986 to modify the qualified business income deduction. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 7, 2025 Ms. Moore of Wisconsin (for herself, Mr. Davis of Illinois, Ms. Chu, Ms. Velazquez, Ms. McCollum, and Mr. Latimer) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to modify the qualified business income deduction. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Mom and Pop Tax Relief Act''. SEC. 2. MODIFICATION OF 199A DEDUCTION. (a) Deduction Allowed for First $25,000 of Qualified Business Income.-- (1) In general.--Section 199A(b)(1) of the Internal Revenue Code of 1986 is amended to read as follows: ``(1) In general.--The term `combin…