H.R. 3725 · 117th Congress
Relief and Equity for Small businesses through Tax Act
- Stage
- In committee
- Sponsor
- Marie Newman
- Introduced
- 2021-06-04
- Latest action
- 2021-06-04 · Introduced in House
Summary
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.