In CommitteeFiled May 12, 2026
Sponsor: Rep. Miller, Carol D. [R-WV-1] (R)
Latest Action
Referred to the House Committee on Ways and Means.
May 12, 2026
Summary
The bill raises the qualified business income (QBI) deduction for businesses that primarily manufacture tangible goods in the United States, changing the deduction rate from 20% to 30% and allowing a full 100% deduction for certain labor and overhead costs. It applies to manufacturers that derive at least 85% of their qualified income from manufacturing and meet a 20% domestic labor/overhead cost threshold. The changes become effective for tax years beginning after Dec. 31, 2025.
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