Senate bill · S. 2962 (119th Congress)
Small Business Investor Tax Parity Act of 2025
U.S. Senate
Sponsor: Jim Banks (U.S. Senator for Indiana, Republican)
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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
Summary
Would extend the section 199A qualified business income deduction to interest dividends from business development companies, treating them the same way the tax code already treats qualified REIT dividends.
AI summary. Not an official summary. How we handle summaries
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Senate Committee on Finance · U.S. Senate
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Cosponsors
2
Cosponsors listed on Congress.gov, shown A to Z.
- Republican2
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Related bills
- H.R. 652Small Business Investor Tax Parity Act of 2025Identical bill
- H.R. 8415Small Business Tax Cut ActRelated bill
As identified by Congress.gov.
Full history
- Oct 1, 2025
Introduced
Introduced in U.S. Senate
U.S. Senate
- Oct 1, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
- Oct 1, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
- Oct 1, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.