# 117-hr-7795: Small Business Prosperity Act of 2022

117-hr-7795, Small Business Prosperity Act of 2022, is a 117th Congress bill sponsored by Rep. Biggs, Andy [R-AZ-5] (R-AZ); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-7795
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-7795
- Congress: 117
- Title: Small Business Prosperity Act of 2022
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2022-05-17
- Sponsor: Rep. Biggs, Andy [R-AZ-5] (R-AZ)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Small Business Prosperity Act of 2022 This bill modifies the tax deduction for qualified business income to (1) make such deduction permanent, (2) limit to 21% the top tax rate on qualified business income, (3) repeal the limitation on the deduction based on amount of wages paid, and (4) revise the definition of qualified trade or business to mean any trade or business other than the trade of business of performing services as an employee. The bill provides that a change in the organizational structure of a corporation is not a taxable event if there is no change among the owners, their ownership interests, or the assets of the organization, The bill repeals the estate tax after 2022.

## Related bills

- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hr-1192: PRRADA
- 117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith, in recognition of thei…
- 117-hr-9575: No Taxpayer Funds for Illegal Alien Abortions Act

## Sources
- [117-hr-7795 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7795)

## Related
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-1192: PRRADA](https://policyrisk.com/legislation/117-hr-1192)
- [117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doher…](https://policyrisk.com/legislation/117-hr-310)
- [117-hr-9575: No Taxpayer Funds for Illegal Alien Abortions Act](https://policyrisk.com/legislation/117-hr-9575)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7795 (as of 2025-11-18).