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Bill > HR216


US HR216

Main Street Tax Certainty Act


summary

Introduced
01/03/2019
In Committee
01/03/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025.)

AI Summary

This bill makes permanent the tax deduction for qualified business income. Under current law, the deduction for qualified business income, which allows certain business owners to deduct up to 20% of their qualified business income from their taxable income, was set to expire after December 31, 2025. This bill removes the expiration date, making the deduction for qualified business income a permanent feature of the tax code.

Committee Categories

Budget and Finance

Sponsors (56)

Jason Smith (R)* Ralph Abraham (R),  Mark Amodei (R),  Jodey Arrington (R),  Don Bacon (R),  Troy Balderson (R),  Andy Barr (R),  Ted Budd (R),  Tim Burchett (R),  Liz Cheney (R),  Ben Cline (R),  Tom Cole (R),  Chris Collins (R),  James Comer (R),  Paul Cook (R),  Henry Cuellar (D),  John Curtis (R),  Rodney Davis (R),  Tom Emmer (R),  Ron Estes (R),  Drew Ferguson (R),  Bill Flores (R),  Greg Gianforte (R),  Bob Gibbs (R),  Anthony Gonzalez (R),  Josh Gottheimer (D),  Michael Guest (R),  Andy Harris (R),  Kevin Hern (R),  Jaime Herrera Beutler (R),  Bill Huizenga (R),  Bill Johnson (R),  John Katko (R),  Trent Kelly (R),  Darin LaHood (R),  Doug LaMalfa (R),  Bob Latta (R),  Debbie Lesko (R),  Billy Long (R),  Blaine Luetkemeyer (R),  Kenny Marchant (R),  Dan Meuser (R),  Paul Mitchell (I),  Ralph Norman (R),  Devin Nunes (R),  Steven Palazzo (R),  Scott Perry (R),  Tom Reed (R),  Guy Reschenthaler (R),  John Rutherford (R),  Adrian Smith (R),  Steve Stivers (R),  Van Taylor (R),  Mike Turner (R),  Jeff Van Drew (R),  Steve Watkins (R), 

Last Action

Referred to the House Committee on Ways and Means. (on 01/03/2019)

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