Lets investors in certain companies that support businesses get an expanded tax deduction.
This bill would let people who invest in certain companies that support other businesses claim an expanded tax deduction. Currently, a similar deduction is available for real estate investments, but not for these business development companies. If passed, this change would apply to tax years starting after December 31, 2026, potentially lowering taxable income for these investors.
Right now, investors can claim a tax deduction for certain income from real estate investments (REITs). If this bill becomes law, investors could claim this deduction for specific interest dividends from certain business development companies. This change would start for tax years beginning after December 31, 2026.
S 2962 · 119th Congress · October 1, 2025 · AI Summary by gemini-2.5-flash · 9/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.