Small Business Tax Relief Act

Hozzl · 2025-06-06T18:19:37Z

Explore the details of House Bill 3275 Small Business Tax Relief Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

6/6/2025, 6:19 PM

Summary of Bill HR 3275

The bill H.R. 3275 in the 119th Congress aims to amend the Internal Revenue Code of 1986 by proposing to lower the corporate tax rate specifically for small businesses and address the carried interest loophole.

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Current Status of Bill HR 3275

Bill HR 3275 is currently in the status of Bill Introduced since May 8, 2025. Bill HR 3275 was introduced during Congress 119 and was introduced to the House on May 8, 2025. Bill HR 3275's most recent activity was Referred to the House Committee on Ways and Means. as of May 8, 2025

Bipartisan Support of Bill HR 3275

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 3275

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 3275

To amend the Internal Revenue Code of 1986 to lower the corporate tax rate for small businesses and close the carried interest loophole, and for other purposes.