Small Business Prosperity Act of 2025

# Small Business Prosperity Act of 2025 – Summary **What the Bill Would Do** The Small Business Prosperity Act of 2025 is a tax-related bill designed to help small businesses by modifying tax deductions and rules around business finances and inheritance. Based on its listed subjects, the bill likely addresses how small business owners can deduct expenses, how taxes are calculated and collected for small businesses, and potentially how business assets are taxed when passed to heirs. However, the specific details of what changes it would make are not available in the basic bill information provided. **Who It Affects and Current Status** This bill would primarily affect small business owners and potentially their employees, as well as taxpayers more broadly depending on the scope of tax changes.

The bill was introduced by Representative Andy Biggs (R-Arizona) in the 119th Congress. Currently, the bill is in committee, meaning it has been assigned to a House committee for review and debate but has not yet been voted on by the full House of Representatives. **Next Steps** To learn the specific provisions and tax changes proposed, the full bill text would need to be reviewed through Congress.gov or similar legislative tracking resources.