Main Street Tax Certainty Act

Summary

Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025.) Qualified business income is defined as the net amount of qualified items of income, gain, deduction and loss with respect to any trade or business, excluding capital gains or losses, dividends, interest income, or income earned outside the U.S.

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Timeline

1. 18 July 2023

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 18 July 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 July 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 18 July 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 July 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 July 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 July 2023

  Open at official source

Sponsors

• Lloyd Smucker · R · Sponsor
• Henry Cuellar · D · Sponsor
• Rep. Gottheimer, Josh [D-NJ-5] · D · Sponsor
• Vern Buchanan · R · Sponsor
• Adrian Smith · R · Sponsor
• Rep. Kelly, Mike [R-PA-16] · R · Sponsor
• Rep. Schweikert, David [R-AZ-1] · R · Sponsor
• Darin LaHood · R · Sponsor
• Brad Wenstrup · R · Sponsor
• Rep. Arrington, Jodey C. [R-TX-19] · R · Sponsor
• A. Ferguson · R · Sponsor
• Rep. Estes, Ron [R-KS-4] · R · Sponsor
• Kevin Hern · R · Sponsor
• Rep. Miller, Carol D. [R-WV-1] · R · Sponsor
• Rep. Murphy, Gregory F. [R-NC-3] · R · Sponsor
• Rep. Kustoff, David [R-TN-8] · R · Sponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Sponsor
• W. Steube · R · Sponsor
• Rep. Tenney, Claudia [R-NY-24] · R · Sponsor
• Rep. Fischbach, Michelle [R-MN-7] · R · Sponsor
• Blake Moore · R · Sponsor
• Michelle Steel · R · Sponsor
• Rep. Van Duyne, Beth [R-TX-24] · R · Sponsor
• Rep. Feenstra, Randy [R-IA-4] · R · Sponsor
• Rep. Malliotakis, Nicole [R-NY-11] · R · Sponsor
• Rep. Carey, Mike [R-OH-15] · R · Sponsor
• Rep. Wittman, Robert J. [R-VA-1] · R · Sponsor
• Rep. Cammack, Kat [R-FL-3] · R · Sponsor
• Daniel Meuser · R · Sponsor
• Troy Balderson · R · Sponsor
• Rep. Grothman, Glenn [R-WI-6] · R · Sponsor
• Rep. Bacon, Don [R-NE-2] · R · Sponsor
• Tim Burchett · R · Sponsor
• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• Rep. Reschenthaler, Guy [R-PA-14] · R · Sponsor
• Jack Bergman · R · Sponsor
• Rep. Perry, Scott [R-PA-10] · R · Sponsor
• John Joyce · R · Sponsor
• Rep. Mace, Nancy [R-SC-1] · R · Sponsor
• Pete Sessions · R · Sponsor
• Alexander Mooney · R · Sponsor
• John Moolenaar · R · Sponsor
• Rep. Harshbarger, Diana [R-TN-1] · R · Sponsor
• Tom Cole · R · Sponsor
• Jake LaTurner · R · Sponsor
• Mike Ezell · R · Sponsor
• Rep. Fitzgerald, Scott [R-WI-5] · R · Sponsor
• Rep. Moore, Barry [R-AL-1] · R · Sponsor

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Related records

• related to → Main Street Tax Certainty Act