Enhanced Small Business Growth Act of 2026

Carol D. Miller

Republican · WV · Representative

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Referred to the House Committee on Ways and Means.

2026-05-12

Source: Congress.gov

The proposal would increase tax deductions for American manufacturing companies, allowing them to keep more of their profits by reducing their taxable income. This change would primarily benefit domestic manufacturers and could potentially lower their overall tax bills, though it may also affect federal tax revenue. The measure is designed to encourage manufacturing activity within the United States.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8755 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8755 To amend the Internal Revenue Code of 1986 to enhance the qualified business income deduction for domestic manufacturers, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 12, 2026 Mrs. Miller of West Virginia introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to enhance the qualified business income deduction for domestic manufacturers, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Enhanced Small Business Growth Act of 2026''. SEC. 2. ENHANCED QUALIFIED BUSINESS INCOME DEDUCTION FOR DOMESTIC MANUFACTURERS. (a) In General.--Section 199A of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(j) Enhanced Deduction for Qualified Domestic Manufacturers.-- ``(1) In general.--In the case of any qualified domestic manufacturer-- ``(A) subsections (a)(2) and (b)(2)(A) shall each be applied by substituting `30 percent' for `20 percent', and ``(B) subsection (b)(2)(B)(i) shall be applied by substituting `100 percent' for `50 percent'. ``(2) Qualified domestic manufacturer.--For purposes of this subsection-- ``(A) In general.--The term `qualified domestic manufacturer' means, with respect to any taxable year, any taxpayer with respect to whom at least 85 percent of the combined qualified business income amount for such taxable year is derived from a qualified domestic manufacturing trade or business. ``(B) Qualified domestic manufacturing trade or business.-- ``(i) In general.--The term `qualified domestic manufacturing trade or business' means any qualified trade or business-- ``(I) which manufactures tangible property, and ``(II) with respect to which at least 20 percent of the cost of goods sold for the taxable year that are allocable to qualified gross receipts are attributable to labor and overhead expenses incurred within the United States (determined under regulations prescribed by the Secretary). ``(ii) Qualified gross receipts.--The term `qualified gross receipts' means, with respect to any taxable year, the gross receipts of the taxpayer during such taxable year which are derived from any lease, rental, license, sale, exchange, or other disposition of any tangible property referred to in clause (i)(I). ``(3) Regulations.--The Secretary shall prescribe such regulations as are necessary to carry out the purposes of this subsection.''. (b) Taxable Income Computation Modified.--Section 199A(e)(1) of such Code is amended by striking ``shall be computed'' and all that follows, and inserting the following: ``shall be computed-- ``(A) without regard to section 68, ``(B) without regard to any deduction allowable under this section, and ``(C) in the case of a taxpayer who, with respect to any taxable year, elects to itemize deductions for such taxable year, without regard to any deduction allowable under section 170.''. (c) Effective Date.--The amendments made by this section shall apply with respect to taxable years beginning after December 31, 2025. <all>

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