Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
United States tax law provision
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:appliesTo |
gptkb:S_corporations
partnerships sole proprietorships pass-through entities some trusts and estates |
| gptkbp:codifiedIn |
gptkb:26_U.S._Code_§_199A
|
| gptkbp:compatibleWith |
gptkb:C_corporations
|
| gptkbp:deductionPercentage |
20%
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:excludes |
certain service businesses above income thresholds
|
| https://www.w3.org/2000/01/rdf-schema#label |
Section 199A
|
| gptkbp:partOf |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:provides |
Qualified Business Income Deduction
|
| gptkbp:purpose |
reduce tax burden on small businesses
|
| gptkbp:startDate |
January 1, 2018
|
| gptkbp:subject |
income limitations
wage and capital limitations |
| gptkbp:sunsetsOn |
December 31, 2025
|
| gptkbp:bfsParent |
gptkb:IRS_Form_8995-A
gptkb:Internal_Revenue_Code_of_1986 |
| gptkbp:bfsLayer |
6
|