Main Street Tax Certainty Act

H.R. 703 · 119th Congress · Jan 23, 2025 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income.

Section 1 Short title

This Act may be cited as the “Main Street Tax Certainty Act”.

Sec. 2 Deduction for qualified business income made permanent

(a)

In general— Section 199A of the Internal Revenue Code of 1986 is amended by striking subsection (i).

(b)

Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2025.

Lineage

Jan 23, 2025viewing Introduced in House Mr. Smucker (for himself, Mr. Kelly of Pennsylvania, Mr. LaHood, Ms. Van Duyne, Mr. Buchanan, Mrs. Miller of West Virginia, Mr. Feenstra, Mr. Murphy, Mr. Stauber, Mr. Joyce of Pennsylvania, Mr. Bost, Mr. Crenshaw, Mr. Meuser, Mr. Ellzey, Mr. Weber of Texas, Ms. Salazar, Mr. Clyde, Mr. Fitzgerald, Mr. Rouzer, Mrs. Cammack, Mr. Finstad, Mr. Carter of Georgia, Mr. Ciscomani, Mr. Cline, Mr. Fong, Mr. Smith of Nebraska, Mr. Rulli, Mr. Moolenaar, Ms. Foxx, Mr. Lawler, Mr. Green of Tennessee, Mr. Rogers of Kentucky, Mrs. Bice, Mr. Strong, Mr. Guest, Mr. Hudson, Mr. Kean, Mr. Rogers of Alabama, Mr. Nunn of Iowa, Mr. Moran, Mr. Fallon, Mr. Edwards, Mr. Moore of West Virginia, Mr. Rutherford, Mr. Hern of Oklahoma, Mr. Estes, Mr. Gottheimer, Mr. Moore of Utah, Mr. Kustoff, Mr. Grothman, Mr. Van Orden, Mr. Fitzpatrick, Mr. Baird, Mr. Fleischmann, Mr. Carey, Mr. Griffith, Mr. Sessions, Mr. Webster of Florida, Mrs. Kim, Mr. LaLota, Mr. Wilson of South Carolina, Mr. Zinke, Mrs. Wagner, Mr. Austin Scott of Georgia, Mr. Alford, Mr. Fulcher, Mr. Balderson, Mr. Kiley of California, Mr. Garbarino, Mr. Barrett, Mr. Moore of Alabama, Mr. Graves, Mr. Miller of Ohio, Mr. Van Drew, Mr. Ezell, Mrs. Harshbarger, Ms. Maloy, Ms. Letlow, Mrs. Hinson, Mrs. Kiggans of Virginia, Mr. Bacon, Mr. Begich, Mr. Valadao, Mr. Walberg, Mr. Kelly of Mississippi, Mr. Collins, Mr. Langworthy, Mr. Scott Franklin of Florida, Mr. Bilirakis, Mr. Huizenga, Mr. Allen, Mr. Bergman, Mr. Higgins of Louisiana, Mr. Amodei of Nevada, Mr. Thompson of Pennsylvania, Mr. Owens, Mr. Steil, Mr. Guthrie, Mr. Barr, Mr. Calvert, Mr. Wittman, Mr. Burchett, Mr. Newhouse, Ms. Mace, Mr. Mackenzie, Mrs. Houchin, Mr. Williams of Texas, Ms. Tenney, Mrs. Fischbach, Ms. Hageman, Mr. Steube, Mr. Gill of Texas, Mr. Schmidt, Ms. De La Cruz, Mr. McCormick, Mr. McDowell, Mr. Bresnahan, Mrs. Miller-Meeks, Mr. Loudermilk, Mr. Yakym, Mr. Gooden, Mr. Johnson of South Dakota, Ms. Malliotakis, Mr. Perry, Mr. Burlison, Mr. Arrington, Mr. Bean of Florida, Mr. Timmons, Mrs. Miller of Illinois, Mr. LaMalfa, Mr. McCaul, Mr. Wied, Ms. Greene of Georgia, Mr. Downing, Mr. Crank, Mr. Gimenez, Mr. Davidson, Mr. Lucas, Mr. Taylor, Mr. Moore of North Carolina, Mr. Luttrell, Mr. Schweikert, Mr. Comer, Mr. Emmer, Mr. Joyce of Ohio, Mr. Jack, Mr. Stutzman, Mr. Cuellar, Mr. Reschenthaler, Mr. Fry, Mr. Cole, Mr. Hill of Arkansas, Mr. Jackson of Texas, Mr. Mills, and Mr. McGuire) introduced the following bill; which was referred to the Committee on Ways and Means

Main Street Tax Certainty Act

Section 1 Short title

Sec. 2 Deduction for qualified business income made permanent

Cite this provision

Incoming references