summary
Introduced
07/18/2023
07/18/2023
In Committee
07/18/2023
07/18/2023
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, proposes to make permanent the deduction for qualified business income under Section 199A of the Internal Revenue Code of 1986. This deduction, which allows eligible taxpayers to deduct up to 20% of their qualified business income, was originally set to expire at the end of 2025. By striking the sunset provision in the existing law, this bill would ensure the continued availability of this tax benefit for small businesses and pass-through entities.
Committee Categories
Budget and Finance
Sponsors (195)
Lloyd Smucker (R)*,
Robert Aderholt (R),
Mark Alford (R),
Rick Allen (R),
Mark Amodei (R),
Kelly Armstrong (R),
Jodey Arrington (R),
Brian Babin (R),
Don Bacon (R),
Jim Baird (R),
Troy Balderson (R),
Jim Banks (R),
Andy Barr (R),
Aaron Bean (R),
Jack Bergman (R),
Stephanie Bice (R),
Gus Bilirakis (R),
Dan Bishop (R),
Mike Bost (R),
Vern Buchanan (R),
Ken Buck (R),
Larry Bucshon (R),
Tim Burchett (R),
Eric Burlison (R),
Ken Calvert (R),
Kat Cammack (R),
Mike Carey (R),
Jerry Carl (R),
Buddy Carter (R),
Lori Chavez-DeRemer (R),
Juan Ciscomani (R),
Ben Cline (R),
Andrew Clyde (R),
Tom Cole (R),
Mike Collins (R),
James Comer (R),
Rick Crawford (R),
Dan Crenshaw (R),
Henry Cuellar (D),
John Curtis (R),
Monica De La Cruz (R),
Byron Donalds (R),
John Duarte (R),
Jeff Duncan (R),
Neal Dunn (R),
Chuck Edwards (R),
Jake Ellzey (R),
Tom Emmer (R),
Ron Estes (R),
Mike Ezell (R),
Pat Fallon (R),
Randy Feenstra (R),
Drew Ferguson (R),
Brad Finstad (R),
Michelle Fischbach (R),
Scott Fitzgerald (R),
Brian Fitzpatrick (R),
Chuck Fleischmann (R),
Mike Flood (R),
Vince Fong (R),
Virginia Foxx (R),
Scott Franklin (R),
Russell Fry (R),
Russ Fulcher (R),
Andrew Garbarino (R),
Carlos Giménez (R),
Tony Gonzales (R),
Jenniffer González (R),
Bob Good (R),
Lance Gooden (R),
Josh Gottheimer (D),
Kay Granger (R),
Garret Graves (R),
Sam Graves (R),
Mark Green (R),
Marjorie Taylor Greene (R),
Morgan Griffith (R),
Glenn Grothman (R),
Michael Guest (R),
Brett Guthrie (R),
Harriet Hageman (R),
Andy Harris (R),
Diana Harshbarger (R),
Kevin Hern (R),
Clay Higgins (R),
French Hill (R),
Ashley Hinson (R),
Erin Houchin (R),
Richard Hudson (R),
Bill Huizenga (R),
Ronny Jackson (R),
John James (R),
Bill Johnson (R),
Dusty Johnson (R),
Mike Johnson (R),
Jim Jordan (R),
Dave Joyce (R),
John Joyce (R),
Tom Kean (R),
Mike Kelly (R),
Trent Kelly (R),
Jen Kiggans (R),
Kevin Kiley (I),
Young Kim (R),
David Kustoff (R),
Darin LaHood (R),
Nick LaLota (R),
Doug LaMalfa (R),
Doug Lamborn (R),
Nick Langworthy (R),
Bob Latta (R),
Jake LaTurner (R),
Mike Lawler (R),
Laurel Lee (R),
Debbie Lesko (R),
Julia Letlow (R),
Barry Loudermilk (R),
Frank Lucas (R),
Blaine Luetkemeyer (R),
Anna Luna (R),
Nancy Mace (R),
Nicole Malliotakis (R),
Celeste Maloy (R),
Tracey Mann (R),
Michael McCaul (R),
Lisa McClain (R),
Richard McCormick (R),
Cathy McMorris Rodgers (R),
Dan Meuser (R),
Carol Miller (R),
Mary Miller (R),
Max Miller (R),
Mariannette Miller-Meeks (R),
Cory Mills (R),
Marc Molinaro (R),
John Moolenaar (R),
Alex Mooney (R),
Barry Moore (R),
Blake Moore (R),
Nathaniel Moran (R),
Greg Murphy (R),
Troy Nehls (R),
Dan Newhouse (R),
Ralph Norman (R),
Zach Nunn (R),
Jay Obernolte (R),
Andy Ogles (R),
Burgess Owens (R),
Gary Palmer (R),
Greg Pence (R),
Scott Perry (R),
August Pfluger (R),
Bill Posey (R),
Guy Reschenthaler (R),
Hal Rogers (R),
Mike Rogers (R),
John Rose (R),
David Rouzer (R),
Michael Rulli (R),
John Rutherford (R),
María Salazar (R),
David Schweikert (R),
Austin Scott (R),
Keith Self (R),
Pete Sessions (R),
Adrian Smith (R),
Pete Stauber (R),
Michelle Steel (R),
Elise Stefanik (R),
Bryan Steil (R),
Greg Steube (R),
Dale Strong (R),
Claudia Tenney (R),
G.T. Thompson (R),
Tom Tiffany (R),
William Timmons (R),
Mike Turner (R),
David Valadao (R),
Jeff Van Drew (R),
Beth Van Duyne (R),
Derrick Van Orden (R),
Ann Wagner (R),
Tim Walberg (R),
Michael Waltz (R),
Randy Weber (R),
Daniel Webster (R),
Brad Wenstrup (R),
Bruce Westerman (R),
Brandon Williams (R),
Roger Williams (R),
Joe Wilson (R),
Rob Wittman (R),
Steve Womack (R),
Rudy Yakym (R),
Ryan Zinke (R),
Last Action
Referred to the House Committee on Ways and Means. (on 07/18/2023)
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/house-bill/4721/all-info |
| BillText | https://www.congress.gov/118/bills/hr4721/BILLS-118hr4721ih.pdf |
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