Amendment · S.Amdt. 2425· Senate(119-SAMDT-2425)

S.Amdt. 2425

Age: 69 years

Nevada

Introduced: 6/29/2025
Sponsored by: Jacky Rosen
Cosponsors: - 3 - 0

Changes bill: 119-HR-1 — One Big Beautiful Bill Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

As your legislative analyst, let's break down what this amendment from Ms. Rosen actually does for the people, based strictly on the text provided. It proposes two main changes regarding tax provisions, both set to take effect for taxable years beginning after December 31, 2025.

What It Aims to Change or Add

Start-Up Expenditures: The amendment changes the current tax rules for starting a business by raising a specific limit from $5,000 to $50,000. It also strikes a specific paragraph, labeled paragraph (3), from the existing law.
Restoration of Progressive Corporate Tax Rate: The amendment rewrites the tax rate for corporations. It sets the tax at 21 percent for taxable income up to $1,000,000,000, and 30 percent for any taxable income that goes over $1,000,000,000.