summary
Introduced
05/18/2023
05/18/2023
In Committee
05/18/2023
05/18/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income.
AI Summary
This bill, the Main Street Tax Certainty Act, amends the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. The deduction for qualified business income, previously set to expire, is now made a permanent part of the tax code under this legislation.
Committee Categories
Budget and Finance
Sponsors (35)
Steve Daines (R)*,
John Barrasso (R),
Marsha Blackburn (R),
John Boozman (R),
Katie Boyd Britt (R),
Mike Braun (R),
Ted Budd (R),
Bill Cassidy (R),
Tom Cotton (R),
Kevin Cramer (R),
Ted Cruz (R),
Joni Ernst (R),
Deb Fischer (R),
Lindsey Graham (R),
Chuck Grassley (R),
Bill Hagerty (R),
John Hoeven (R),
Cindy Hyde-Smith (R),
John Neely Kennedy (R),
Mike Lee (R),
Cynthia Lummis (R),
Roger Marshall (R),
Jerry Moran (R),
Rand Paul (R),
Pete Ricketts (R),
Jim Risch (R),
Mike Rounds (R),
Eric Schmitt (R),
Rick Scott (R),
Tim Scott (R),
Dan Sullivan (R),
Thom Tillis (R),
Tommy Tuberville (R),
J.D. Vance (R),
Roger Wicker (R),
Last Action
Read twice and referred to the Committee on Finance. (on 05/18/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/1706/all-info |
| BillText | https://www.congress.gov/118/bills/s1706/BILLS-118s1706is.pdf |
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