Capito: The One Big Beautiful Bill Helps West Virginia’s Small Businesses Thrive

WASHINGTON, D.C. - Through historic tax relief and incentives and targeted reforms, the One Big Beautiful Bill helps West Virginia's small businesses grow and thrive.

"For too long, West Virginia's small businesses have been burdened by onerous regulations and high taxes, which has stifled growth and innovation. The One Big Beautiful Bill brings historic tax relief, makes targeted reforms to the tax code, and empowers Main Streets across West Virginia and our country. By keeping more of their hard-earned money, small businesses will be able to make much-needed investments and create more jobs," Senator Capito said.

West Virginia Wins:

• Makes permanent the small business tax deduction.

• Increases Section 179, the Small Business Expensing Cap from $1.25 million to $2.5 million and allows small businesses to fully expense business equipment purchases in their first year.

• Extends the 199A passthrough deduction for small businesses, which will benefit around 18,000 firms in West Virginia.

• Makes permanent small business owners' 20% deduction, this impacts around 78,000 West Virginians.

• Permanently restores 163j interest deductibility, which will provide West Virginia's small business owners with the tools they need to expand and hire more employees.

• Strengthens employer-provided childcare credit, helping small businesses better-provide childcare assistance to their employees.

• Increases death tax exemption for 22,331 family-owned farms in West Virginia.

What Others Are Saying:

"The One Big Beautiful Bill Act is a landmark victory for West Virginia's small businesses. By making the Small Business Tax Deduction permanent, Congress delivered the certainty that Main Street needs, allowing small business owners to continue to create jobs, grow their business, and invest in their communities. With the One Big Beautiful Bill Act, Senator Capito along with both Chambers of Congress, have strengthened the foundation of our economy and provided a boost not just for small businesses, but a boost for the entire country," Gil White, NFIB West Virginia State Director, said.

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