S. 480 · 117th Congress
Main Street Tax Certainty Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
DainesSponsor14 cosponsors · 14 R
R
Cassidy
RP
R
Portman
TS
R
Scott
RB
R
Blunt
JK
R
Kennedy
MB
R
Braun
MR
R
Rounds
RB
R
Burr
JI
R
Inhofe
RW
R
Wicker
RP
R
Paul
CL
R
Lummis
JB
R
Barrasso
MB
R
Blackburn3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025.)
What it does: CRS summary · Introduced in Senate · Feb 25, 2021
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Main Street Tax Certainty Act
Latest action (Feb 25, 2021): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Feb 25, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.