Main Street Tax Certainty Act
Latest action · Jan 23, 2025 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 23, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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 192
Members who signed on, in the order they did. Signatures ran from Jan 23, 2025 to Aug 15, 2025, with 154 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Aaron Bean | Original | Jan 23, 2025 |
| R-NC | Addison P. McDowell | Original | Jan 23, 2025 |
| R-NE | Adrian Smith | Original | Jan 23, 2025 |
| R-NY | Andrew R. Garbarino | Original | Jan 23, 2025 |
| R-GA | Andrew S. Clyde | Original | Jan 23, 2025 |
| R-KY | Andy Barr | Original | Jan 23, 2025 |
| R-MO | Ann Wagner | Original | Jan 23, 2025 |
| R-IA | Ashley Hinson | Original | Jan 23, 2025 |
| R-GA | Austin Scott | Original | Jan 23, 2025 |
| R-GA | Barry Loudermilk | Original | Jan 23, 2025 |
| R-AL | Barry Moore | Original | Jan 23, 2025 |
| R-VA | Ben Cline | Original | Jan 23, 2025 |
| R-TX | Beth Van Duyne | Original | Jan 23, 2025 |
| R-MI | Bill Huizenga | Original | Jan 23, 2025 |
| R-UT | Blake D. Moore | Original | Jan 23, 2025 |
Actions 2
Everything that happened, newest first.
- Jan 23, 2025Introduced in House
- Jan 23, 2025Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 23, 2025Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
