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H.R. 652

U.S. House•In House Committee

Summary

H.R. 652, the Small Business Investor Tax Parity Act of 2025, was introduced in the House on Jan 23, 2025 by Rep. Jodey Arrington (R) with 4 co-sponsors. It was referred to Ways And Means, and last saw action on Jan 23, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 652 has 4 co-sponsors.

hb652/introduced-in-house.txt
119 HR 652 IH: Small Business Investor Tax Parity Act of 2025
 U.S. House of Representatives
 2025-01-23
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 652  IN THE HOUSE OF REPRESENTATIVES   January 23, 2025   Mr. Arrington  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 allow the deduction under section 199A to apply to qualified BDC interest dividends in the same manner as qualified REIT dividends.
1.
Short title
This Act may be cited as the   Small Business Investor Tax Parity Act of 2025  .
2.
Deduction for qualified business income to apply to certain interest dividends of qualified business development companies
(a)
In general
Subsections (b)(1)(B) and (c)(1) of  section 199A  of the Internal Revenue Code of 1986 are each amended by inserting  , qualified BDC interest dividends,  after  qualified REIT dividends .
(b)
Qualified BDC interest dividend defined
 Section 199A(e)  of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
(5)
Qualified BDC interest dividend
(A)
In general
The term  qualified BDC interest dividend  means any dividend from an electing business development company received during the taxable year which is attributable to net interest income of such company which is properly allocable to a qualified trade or business of such company.
(B)
Electing business development company
For purposes of this paragraph, the term  electing business development company  means a business development company (as defined in section 2(a) of the Investment Company Act of 1940) which has an election in effect under section 851 to be treated as a regulated investment company.
 .
(c)
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2026.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-01-23
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to allow the deduction under section 199A to apply to qualified BDC interest dividends in the same manner as qualified REIT dividends.

Sponsors

Rep. Jodey Arrington (R) sponsors H.R. 652, and 4 members have co-sponsored it.

Committees

H.R. 652 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Jan 23, 2025 · 1,160 Bills

Actions

H.R. 652 has taken 2 actions since Jan 23, 2025.

ChamberAction
Jan 23, 2025
House
Introduced in House
Jan 23, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 652 has not gone to a roll call.

2 bills are related to H.R. 652.

Titles

H.R. 652 goes by 3 titles, 1 of them short titles.

  • Small Business Investor Tax Parity Act of 2025 — Display Title
  • Small Business Investor Tax Parity Act of 2025 — Short Title(s) as Introduced
  • To amend the Internal Revenue Code of 1986 to allow the deduction under section 199A to apply to qualified BDC interest dividends in the same manner as qualified REIT dividends. — Official Title as Introduced

Lobbying

3 clients hired 3 firms and 9 registered lobbyists who named H.R. 652 in 9 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Financial Institutions/Investments/Securities, Retirement, Health Issues, Labor Issues/Antitrust/Workplace, Banking, Agriculture, Consumer Issues/Safety/Products.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
FUTURE STANDARD—Pennsylvania16—
AMERICAN INVESTMENT COUNCIL F/K/A PEGCC—District of Columbia12—
FOOD MARKETPLACE INC—Virginia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
FUTURE STANDARD16—
AMERICAN INVESTMENT COUNCIL F/K/A PEGCC12—
FOOD MARKETPLACE INC.11—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
JASON COLE116
JAMES GUILIANO112
LEE SLATER112
NNAMDI DILLON IWU112
WILLIAM DUNHAM112
ANDREW HARIG111
CHRISTINE POLLACK111
JENNIFER HATCHER111
PETER MATZ111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
AMERICAN INVESTMENT COUNCIL F/K/A PEGCCAMERICAN INVESTMENT COUNCIL F/K/A PEGCC2025 third_quarter$680K3rd Quarter - Report
AMERICAN INVESTMENT COUNCIL F/K/A PEGCCAMERICAN INVESTMENT COUNCIL F/K/A PEGCC2025 second_quarter$620K2nd Quarter - Report
FOOD MARKETPLACE INCFOOD MARKETPLACE INC.2025 first_quarter$420K1st Quarter - Report
FUTURE STANDARDFUTURE STANDARD2025 second_quarter$160K2nd Quarter - Report
FUTURE STANDARDFUTURE STANDARD2025 first_quarter$160K1st Quarter - Report
FUTURE STANDARDFUTURE STANDARD2026 first_quarter$140K1st Quarter - Report
FUTURE STANDARDFUTURE STANDARD2025 fourth_quarter$140K4th Quarter - Report
FUTURE STANDARDFUTURE STANDARD2025 third_quarter$140K3rd Quarter - Report
FUTURE STANDARDFUTURE STANDARD2026 second_quarter$120K2nd Quarter - Report

Classification

The Congressional Research Service files H.R. 652 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 652’s is Taxation.

hr652/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 652, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 14 (Thursday, January 23, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ARRINGTON:H.R. 652.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution[Page H388]

Source: congress.gov · legiscan.com