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Main Street Tax Certainty Act

USA118th CongressS-1706| Senate 
| Updated: 5/18/2023
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (34)
Joni Ernst (Republican)Tommy Tuberville (Republican)Rick Scott (Republican)Bill Cassidy (Republican)Mike Braun (Republican)Roger Marshall (Republican)Dan Sullivan (Republican)Katie Boyd Britt (Republican)Thomas Tillis (Republican)Cindy Hyde-Smith (Republican)Jerry Moran (Republican)Mike Lee (Republican)James E. Risch (Republican)Cynthia M. Lummis (Republican)Eric Schmitt (Republican)J. D. Vance (Republican)Marsha Blackburn (Republican)Tom Cotton (Republican)Lindsey Graham (Republican)Roger F. Wicker (Republican)Rand Paul (Republican)John Boozman (Republican)Mike Rounds (Republican)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)John Kennedy (Republican)Deb Fischer (Republican)Bill Hagerty (Republican)John Barrasso (Republican)Chuck Grassley (Republican)Pete Ricketts (Republican)John Hoeven (Republican)Ted Budd (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 116-1149
Main Street Tax Certainty Act

Bill from Previous Congress

S 117-480
Main Street Tax Certainty Act
May 18, 2023
Introduced in Senate
May 18, 2023
Read twice and referred to the Committee on Finance.
Jul 18, 2023

Latest Companion Bill Action

HR 118-4721
Introduced in House
  • Bill from Previous Congress

    S 116-1149
    Main Street Tax Certainty Act


  • Bill from Previous Congress

    S 117-480
    Main Street Tax Certainty Act


  • May 18, 2023
    Introduced in Senate


  • May 18, 2023
    Read twice and referred to the Committee on Finance.


  • July 18, 2023

    Latest Companion Bill Action

    HR 118-4721
    Introduced in House

Taxation

Related Bills

  • HR 118-4721: Main Street Tax Certainty Act

Main Street Tax Certainty Act

USA118th CongressS-1706| Senate 
| Updated: 5/18/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-1149
Main Street Tax Certainty Act

Bill from Previous Congress

S 117-480
Main Street Tax Certainty Act
May 18, 2023
Introduced in Senate
May 18, 2023
Read twice and referred to the Committee on Finance.
Jul 18, 2023

Latest Companion Bill Action

HR 118-4721
Introduced in House
  • Bill from Previous Congress

    S 116-1149
    Main Street Tax Certainty Act


  • Bill from Previous Congress

    S 117-480
    Main Street Tax Certainty Act


  • May 18, 2023
    Introduced in Senate


  • May 18, 2023
    Read twice and referred to the Committee on Finance.


  • July 18, 2023

    Latest Companion Bill Action

    HR 118-4721
    Introduced in House
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (34)
Joni Ernst (Republican)Tommy Tuberville (Republican)Rick Scott (Republican)Bill Cassidy (Republican)Mike Braun (Republican)Roger Marshall (Republican)Dan Sullivan (Republican)Katie Boyd Britt (Republican)Thomas Tillis (Republican)Cindy Hyde-Smith (Republican)Jerry Moran (Republican)Mike Lee (Republican)James E. Risch (Republican)Cynthia M. Lummis (Republican)Eric Schmitt (Republican)J. D. Vance (Republican)Marsha Blackburn (Republican)Tom Cotton (Republican)Lindsey Graham (Republican)Roger F. Wicker (Republican)Rand Paul (Republican)John Boozman (Republican)Mike Rounds (Republican)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)John Kennedy (Republican)Deb Fischer (Republican)Bill Hagerty (Republican)John Barrasso (Republican)Chuck Grassley (Republican)Pete Ricketts (Republican)John Hoeven (Republican)Ted Budd (Republican)

Finance Committee

Taxation

Related Bills

  • HR 118-4721: Main Street Tax Certainty Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted