H.R. 703: Main Street Tax Certainty Act
Latest action, January 23, 2025: Introduced in House
Official 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.
Sponsors
- Lloyd Smucker
- Aaron Bean
- Addison P. McDowell
- Adrian Smith
- Andrew Ogles
- Andrew R. Garbarino
- Andrew S. Clyde
- Andy Barr
- Andy Biggs
- Andy Harris
- Ann Wagner
- Ashley Hinson
- August Pfluger
- Austin Scott
- Barry Loudermilk
- Barry Moore
- Ben Cline
- Beth Van Duyne
- Bill Huizenga
- Blake D. Moore
- Brad Finstad
- Brad Knott
- Brandon Gill
- Brett Guthrie
- Brian Jack
- Brian K. Fitzpatrick
- Bruce Westerman
- Bryan Steil
- Burgess Owens
- Carlos A. Gimenez
- Carol D. Miller
- Celeste Maloy
- Charles J. "Chuck" Fleischmann
- Chuck Edwards
- Claudia Tenney
- Clay Higgins
- Cory Mills
- Craig A. Goldman
- Dale W. Strong
- Dan Crenshaw
- Dan Newhouse
- Daniel Meuser
- Daniel Webster
- Darin LaHood
- David G. Valadao
- David J. Taylor
- David Kustoff
- David P. Joyce
- David Rouzer
- David Schweikert
- Derek Schmidt
- Derrick Van Orden
- Diana Harshbarger
- Don Bacon
- Dusty Johnson
- Earl L. "Buddy" Carter
- Elise M. Stefanik
- Eric Burlison
- Erin Houchin
- Frank D. Lucas
- Gabe Evans
- Gary J. Palmer
- Glenn Grothman
- Glenn Thompson
- Gregory F. Murphy
- Gus M. Bilirakis
- Guy Reschenthaler
- H. Morgan Griffith
- Harold Rogers
- Harriet M. Hageman
- Henry Cuellar
- J. French Hill
- Jack Bergman
- Jake Ellzey
- James Comer
- James R. Baird
- Jay Obernolte
- Jeff Crank
- Jeff Hurd
- Jefferson Shreve
- Jefferson Van Drew
- Jennifer A. Kiggans
- Jim Jordan
- Jodey C. Arrington
- Joe Wilson
- John H. Rutherford
- John J. McGuire III
- John James
- John Joyce
- John R. Moolenaar
- John W. Rose
- Josh Gottheimer
- Juan Ciscomani
- Julia Letlow
- Julie Fedorchak
- Kat Cammack
- Keith Self
- Ken Calvert
- Kevin Hern
- Kevin Kiley
- Lance Gooden
- Laurel M. Lee
- Maria Elvira Salazar
- Mariannette Miller-Meeks
- Mark Alford
- Mark B. Messmer
- Mark E. Amodei
- Marlin A. Stutzman
- Mary E. Miller
- Max L. Miller
- Michael A. Rulli
- Michael Baumgartner
- Michael Guest
- Michael K. Simpson
- Michael Lawler
- Michael R. Turner
- Michael T. McCaul
- Michelle Fischbach
- Mike Bost
- Mike Carey
- Mike Collins
- Mike Ezell
- Mike Flood
- Mike Kelly
- Mike Rogers
- Monica De La Cruz
- Morgan Luttrell
- Nancy Mace
- Nathaniel Moran
- Neal P. Dunn
- Nicholas A. Langworthy
- Nicholas J. Begich III
- Nick LaLota
- Nicole Malliotakis
- Pat Fallon
- Pat Harrigan
- Pete Sessions
- Pete Stauber
- Ralph Norman
- Randy Feenstra
- Randy K. Weber, Sr.
- Richard Hudson
- Richard McCormick
- Rick W. Allen
- Riley M. Moore
- Robert B. Aderholt
- Robert E. Latta
- Robert F. Onder, Jr.
- Robert J. Wittman
- Robert P. Bresnahan, Jr.
- Roger Williams
- Ron Estes
- Ronny Jackson
- Rudy Yakym III
- Russ Fulcher
- Russell Fry
- Ryan K. Zinke
- Ryan Mackenzie
- Sam Graves
- Sanford D. Bishop, Jr.
- Scott DesJarlais
- Scott Fitzgerald
- Scott Franklin
- Scott Perry
- Sheri Biggs
- Stephanie I. Bice
- Steve Womack
- Thomas H. Kean, Jr.
- Thomas P. Tiffany
- Tim Burchett
- Tim Moore
- Tim Walberg
- Tom Barrett
- Tom Cole
- Tom Emmer
- Tony Wied
- Tracey Mann
- Trent Kelly
- Troy Balderson
- Troy Downing
- Vern Buchanan
- Vince Fong
- Virginia Foxx
- W. Gregory Steube
- Warren Davidson
- Wesley Hunt
- William R. Timmons IV
- Young Kim
- Zachary Nunn