Expressing support for the designation of the week of September 11 through September 17, 2025, as "Patriot Week".
- Last Action
- 9/11/2025
Actions
- 2025-01-23Referred to the House Committee on Ways and Means.
- 2025-01-23Introduced in House
- 2025-01-23Introduced in House
CRS Summary
As of 2025-01-23 (00)
Main Street Tax Certainty Act
This bill makes permanent the qualified business income (QBI) tax deduction.
Under current law, individuals, estates, and trusts may deduct the lower of (1) 20% of QBI from a qualified business, qualified real estate investment trust dividends, and qualified publicly traded partnership income; or (2) 20% of taxable income less net capital gain. (Some limitations apply.)
However, under current law, the QBI tax deduction expires after December 31, 2025.
Cosponsors (20)
- Mike Kelly (R-PA)
- Darin LaHood (R-IL)
- Beth Van Duyne (R-TX)
- Vern Buchanan (R-FL)
- Carol Miller (R-WV)
- Randy Feenstra (R-IA)
- Gregory Murphy (R-NC)
- Pete Stauber (R-MN)
- John Joyce (R-PA)
- Mike Bost (R-IL)
- Dan Crenshaw (R-TX)
- Daniel Meuser (R-PA)
- Jake Ellzey (R-TX)
- Randy Weber (R-TX)
- Maria Salazar (R-FL)
- Andrew Clyde (R-GA)
- Scott Fitzgerald (R-WI)
- David Rouzer (R-NC)
- Kat Cammack (R-FL)
- Brad Finstad (R-MN)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.