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HOUSE 3725117th CongressReferred to the House Committee on Ways and Means.

REST Act

Last Action
6/4/2021

Actions

  • 2021-06-04Referred to the House Committee on Ways and Means.
  • 2021-06-04Introduced in House
  • 2021-06-04Introduced in House

CRS Summary

As of 2021-06-04 (00)

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.

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.