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Bring Small Businesses Back Tax Reform Act
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 7,393 other HR bills in the 115th — cohort avg 50d
Bring Small Businesses Back Tax Reform Act This bill amends the Internal Revenue Code to establish new maximum individual tax rates for qualified business income that does not exceed $1 million (i.e., small business income). The maximum rates are: (1) 12% of such income not exceeding $150,000, and (2) 25% for income that exceeds $150,000 and is not more than $1 million. The rates apply to up to $1 million of qualified business income that is: (1) gross earnings derived by an individual from any active trade or business carried on by the individual, excluding deductions attributable to the trade or business; or (2) the taxpayer's distributive or pro rata share of pass-through income from entities such as a partnership or S corporation. Qualified business income does not include capital gains, interest, dividends, or royalties. For taxpayers that are not a corporation or a partnership with a corporation as a partner, the bill repeals the annual limitation on the election to expense certain depreciable business assets. The bill also permits certain small businesses whose average gross receipts do not exceed $25 million (currently, $5 million) to use the cash accounting method without limitations and exempts such businesses from inventory rules.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2018 · fourth_quarter · Taxation/Internal Revenue Code
S 205, Death Tax Repeal Act of 2017 S 393, LEAP Act S 638/HR 1296, Promoting More American Manufacturing Jobs Act S 707/HR 116, Main Street Fairness Act S 1293/HR 3068, Invent and Manufacture in America Act HR 111, Support Our Start-Ups Act HR 451, Permanently Repeal the Estate Tax Act HR 1425, Bring Small Businesses Back Tax Reform Act HR 2091, Motorsports Fairness and Permanency Act HR 3159, Family Business Preservation Estate Tax Act HR 1, Tax Cuts and Jobs Act S 2256, Tax Extender Act of 2017
Client expense: $245,000 · Firm income: Not reported
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Highway Traffic Safety Administration (NHTSA), Office of Management & Budget (OMB), SENATE, U.S. Forest Service, U.S. Trade Representative (USTR)
2018 · third_quarter · Taxation/Internal Revenue Code
S 205, Death Tax Repeal Act of 2017 S 393, LEAP Act S 638/HR 1296, Promoting More American Manufacturing Jobs Act S 707/HR 116, Main Street Fairness Act S 1293/HR 3068, Invent and Manufacture in America Act HR 111, Support Our Start-Ups Act HR 451, Permanently Repeal the Estate Tax Act HR 1425, Bring Small Businesses Back Tax Reform Act HR 2091, Motorsports Fairness and Permanency Act HR 3159, Family Business Preservation Estate Tax Act HR 1, Tax Cuts and Jobs Act S 2256, Tax Extender Act of 2017
Client expense: $240,000 · Firm income: Not reported
Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Highway Traffic Safety Administration (NHTSA), Office of Management & Budget (OMB), SENATE, U.S. Forest Service, U.S. Trade Representative (USTR)
2018 · second_quarter · Taxation/Internal Revenue Code
S 205, Death Tax Repeal Act of 2017 S 393, LEAP Act S 638/HR 1296, Promoting More American Manufacturing Jobs Act S 707/HR 116, Main Street Fairness Act S 1293/HR 3068, Invent and Manufacture in America Act HR 111, Support Our Start-Ups Act HR 451, Permanently Repeal the Estate Tax Act HR 1425, Bring Small Businesses Back Tax Reform Act HR 2091, Motorsports Fairness and Permanency Act HR 3159, Family Business Preservation Estate Tax Act HR 1, Tax Cuts and Jobs Act S 2256, Tax Extender Act of 2017
Client expense: $210,000 · Firm income: Not reported
Government targets: Bureau of Land Management (BLM), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Highway Traffic Safety Administration (NHTSA), Office of Management & Budget (OMB), SENATE, U.S. Forest Service
2018 · first_quarter · Taxation/Internal Revenue Code
S 205, Death Tax Repeal Act of 2017 S 393, LEAP Act S 638/HR 1296, Promoting More American Manufacturing Jobs Act S 707/HR 116, Main Street Fairness Act S 1293/HR 3068, Invent and Manufacture in America Act HR 111, Support Our Start-Ups Act HR 451, Permanently Repeal the Estate Tax Act HR 1425, Bring Small Businesses Back Tax Reform Act HR 2091, Motorsports Fairness and Permanency Act HR 3159, Family Business Preservation Estate Tax Act HR 1, Tax Cuts and Jobs Act S 2256, Tax Extender Act of 2017
Client expense: $190,000 · Firm income: Not reported
Government targets: Bureau of Land Management (BLM), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Highway Traffic Safety Administration (NHTSA), Office of Management & Budget (OMB), SENATE, U.S. Forest Service
2017 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1425 - The Bring Small Businesses Back Tax Reform Act. Tax reform as it relates to Pass-through businesses. H.R. 1 - Tax Cuts and Jobs Act
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Taxation/Internal Revenue Code
S 205, Death Tax Repeal Act of 2017 S 393, LEAP Act S 638/HR 1296, Promoting More American Manufacturing Jobs Act S 707/HR 116, Main Street Fairness Act S 1293/HR 3068, Invent and Manufacture in America Act HR 111, Support Our Start-Ups Act HR 451, Permanently Repeal the Estate Tax Act HR 1425, Bring Small Businesses Back Tax Reform Act HR 2091, Motorsports Fairness and Permanency Act HR 3159, Family Business Preservation Estate Tax Act HR 1, Tax Cuts and Jobs Act S 2256, Tax Extender Act of 2017
Client expense: $210,000 · Firm income: Not reported
Government targets: Bureau of Land Management (BLM), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, U.S. Forest Service
2017 · third_quarter · Taxation/Internal Revenue Code
S 205, Death Tax Repeal Act of 2017 S 393, LEAP Act S 638/HR 1296, Promoting More American Manufacturing Jobs Act S 707/HR 116, Main Street Fairness Act S 1293/HR 3068, Invent and Manufacture in America Act HR 111, Support Our Start-Ups Act HR 451, Permanently Repeal the Estate Tax Act HR 1425, Bring Small Businesses Back Tax Reform Act HR 2091, Motorsports Fairness and Permanency Act HR 3159, Family Business Preservation Estate Tax Act House Republican A Better Way for Tax Reform Blueprint
Client expense: $235,000 · Firm income: Not reported
Government targets: Bureau of Land Management (BLM), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, U.S. Forest Service
2017 · third_quarter · Taxation/Internal Revenue Code
H.R. 1425 - The Bring Small Businesses Back Tax Reform Act. Tax reform as it relates to Pass-through businesses.
Client expense: Not reported · Firm income: $30,000
2017 · second_quarter · Taxation/Internal Revenue Code
S 205, Death Tax Repeal Act of 2017 S 393, LEAP Act S 638/HR 1296, Promoting More American Manufacturing Jobs Act S 707/HR 116, Main Street Fairness Act S 1293/HR 3068, Invent and Manufacture in America Act HR 111, Support Our Start-Ups Act HR 451, Permanently Repeal the Estate Tax Act HR 1425, Bring Small Businesses Back Tax Reform Act HR 2091, Motorsports Fairness and Permanency Act HR 3159, Family Business Preservation Estate Tax Act House Republican A Better Way for Tax Reform Blueprint
Client expense: $195,000 · Firm income: Not reported
Government targets: Bureau of Land Management (BLM), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, U.S. Forest Service
2017 · second_quarter · Taxation/Internal Revenue Code
H.R. 1425 - The Bring Small Businesses Back Tax Reform Act. Tax reform as it relates to Pass-through businesses.
Client expense: Not reported · Firm income: $30,000
2017 · first_quarter · Taxation/Internal Revenue Code
S 205, Death Tax Repeal Act of 2017 S 393, LEAP Act S 638/HR 1296, Promoting More American Manufacturing Jobs Act S 707/HR 116, Main Street Fairness Act HR 111, Support Our Start-Ups Act HR 451, Permanently Repeal the Estate Tax Act HR 1425, Bring Small Businesses Back Tax Reform Act House Republican A Better Way for Tax Reform Blueprint
Client expense: $220,000 · Firm income: Not reported
Government targets: Bureau of Land Management (BLM), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, U.S. Forest Service
2017 · first_quarter · Taxation/Internal Revenue Code
H.R. 1425 - The Bring Small Businesses Back Tax Reform Act.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE