# 117-hr-8559: Small Business Owner Tax Relief Act of 2022

117-hr-8559, Small Business Owner Tax Relief Act of 2022, is a 117th Congress bill sponsored by Rep. Craig, Angie [D-MN-2] (D-MN); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-8559
- 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-8559
- Congress: 117
- Title: Small Business Owner Tax Relief Act of 2022
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2022-07-28
- Sponsor: Rep. Craig, Angie [D-MN-2] (D-MN)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Small Business Owner Tax Relief Act of 2022 This bill increases the tax deduction for the payroll taxes of small businesses and imposes an excise tax on corporations for their stock repurchases. The bill allows self-employed taxpayers earning less than $400,000 in a taxable year to deduct three-quarters (currently, one-half) of their payroll taxes. The bill also imposes an excise tax of 0.8% on the fair market value of any stock of a publicly traded domestic corporation that is repurchased by the corporation during the taxable year.

## Cosponsors (1)

- Rep. Phillips, Dean [D-MN-3] (D-MN), 2022-08-19T00:00:00.000Z

## Related bills

- 117-hr-6833: Continuing Appropriations and Ukraine Supplemental Appropriations Act, 2023
- 117-hr-1667: Dr. Lorna Breen Health Care Provider Protection Act
- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-7791: Access to Baby Formula Act of 2022
- 117-hr-263: Big Cat Public Safety Act

## Sources
- [117-hr-8559 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8559)

## Related
- [117-hr-6833: Continuing Appropriations and Ukraine Supplemental Appropriations Act, 2023](https://policyrisk.com/legislation/117-hr-6833)
- [117-hr-1667: Dr. Lorna Breen Health Care Provider Protection Act](https://policyrisk.com/legislation/117-hr-1667)
- [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-7791: Access to Baby Formula Act of 2022](https://policyrisk.com/legislation/117-hr-7791)
- [117-hr-263: Big Cat Public Safety Act](https://policyrisk.com/legislation/117-hr-263)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8559 (as of 2025-11-18).