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Enhanced Small Business Growth Act of 2026
To amend the Internal Revenue Code of 1986 to enhance the qualified business income deduction for domestic manufacturers, and for other purposes.
Summary
The bill increases the qualified business income deduction for domestic manufacturers from 20 percent to 30 percent under the Internal Revenue Code. A domestic manufacturer qualifies for this enhanced deduction if at least 85 percent of its business income comes from manufacturing tangible property within the United States, with at least 20 percent of production costs attributable to U.S. labor and overhead expenses. The bill also modifies how taxable income is calculated for purposes of the deduction by excluding certain deductions from the calculation. The changes take effect for tax years beginning after December 31, 2025.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (2)
- May 12, 2026 Referred to the House Committee on Ways and Means. · house
- May 12, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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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