HR2173Referred to Committee

Tools Tax Deduction Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-03-18
Introduced
6
Cosponsors
HR
ⓘ
Type

Sponsor

Nikki Budzinski
Nikki Budzinski
Democrat · IL · Representative
Votes with party: 95.1% (651 recorded votes)
Top industries funding sponsor:
  • Crypto & Digital Assets$4,193k

Full profile: /officials/B001315

Source: Congress.gov · FEC

Cosponsors (6)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

6 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2025-03-18

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Small business owners and self-employed workers would be able to deduct the cost of tools they purchase for their work from their taxes, reducing the amount of income they owe taxes on. This would apply to hand tools, power tools, and similar equipment used in trades like construction, plumbing, and carpentry. The change would help tradespeople and small business owners keep more of their earnings by lowering their overall tax burden.

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.

Subjects

Taxation
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Related legislation

Bills by the same sponsor or covering overlapping subjects.