Protect Innocent Victims of Taxation After Fire Extension Act

House Bill

H.R. 5225

119th Congress

Protect Innocent Victims of Taxation After Fire Extension Act

In Committee

Introduced:Sep 9, 2025

Primary Sponsor

Chrissy Houlahan

Representative

Democratic

PA-6

Cosponsors

3

Quick Stats

Policy Area

Taxation

Summary

This bill would allow certain business development companies to deduct interest dividends from their taxes, similar to how real estate investment trusts (REITs) can currently deduct their dividends. This change could provide tax relief and incentives for these types of investment funds.

Latest Action

Referred to the House Committee on Ways and Means.

AI Summary

Plain-English explanation of this bill

This bill would allow certain business development companies to deduct interest dividends from their taxes, similar to how real estate investment trusts (REITs) can currently deduct their dividends. This change could provide tax relief and incentives for these types of investment funds.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Small Business Investor Tax Parity Act of 2023 This bill allows a tax deduction for qualified business development company interest dividends on the same basis as qualified real estate investment trust (REIT) dividends.

Key Points

Main provisions of the bill

Allows a tax deduction for qualified business development company interest dividends
Establishes tax parity between business development companies and real estate investment trusts (REITs)
Could provide tax incentives and relief for business development companies

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would primarily impact business development companies and the investors who put money into these types of investment funds. It could make it more attractive for people to invest in business development companies by reducing their tax burden. This may lead to increased investment and growth in this sector of the economy.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5225, 119th Congress (2025). "Protect Innocent Victims of Taxation After Fire Extension Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5225