HOUSE 1381117th CongressReferred to the House Committee on Ways and Means.
Main Street Tax Certainty Act
- Last Action
- 2/25/2021
Actions
- 2021-02-25Referred to the House Committee on Ways and Means.
- 2021-02-25Introduced in House
- 2021-02-25Introduced in House
CRS Summary
As of 2021-02-25 (00)
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.
Cosponsors (20)
- Henry Cuellar (D-TX)
- Van Taylor (R-TX)
- Josh Gottheimer (D-NJ)
- Tim Burchett (R-TN)
- Ashley Hinson (R-IA)
- Jodey Arrington (R-TX)
- Guy Reschenthaler (R-PA)
- Scott Perry (R-PA)
- Michael Guest (R-MS)
- Michael Turner (R-OH)
- Don Bacon (R-NE)
- Rodney Davis (R-IL)
- Tom Cole (R-OK)
- John Katko (R-NY)
- Billy Long (R-MO)
- Ronny Jackson (R-TX)
- Debbie Lesko (R-AZ)
- Anthony Gonzalez (R-OH)
- James Comer (R-KY)
- Ted Budd (R-NC)
Subjects
- Income tax deductions
- Tax administration and collection, taxpayers
Sourced from Congress.gov (public domain).
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