Senate Bill 2962
119th Congress(2025-2026)
Small Business Investor Tax Parity Act of 2025
Introduced
Introduced in Senate on Oct 1, 2025
Bill Intelligence
This bill, if passed, would amend the Internal Revenue Code of 1986 to include qualified Business Development Company (BDC) interest dividends in the deduction for qualified business income. The bill defines qualified BDC interest dividends as any dividend from an electing BDC attributable to net interest income properly allocable to a qualified trade or business. It also sets an effective date for these amendments to apply to taxable years beginning after December 31, 2026. Overall, this bill aims to provide tax benefits to investors in small business development companies.
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Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2962
Congress
119
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Unavailable
October 1, 2025
Sort by most recent
10/01/2025
Read twice and referred to the Committee on Finance.
10/01/2025
Introduced in Senate
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Public Record
Record Updated
Aug 5, 2026 11:03:19 AM