117th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income.
February 25, 2021
Mr. Smith of Missouri (for himself, Mr. Cuellar, Mr. Taylor, Mr. Gottheimer, Mr. Burchett, Mrs. Hinson, Mr. Arrington, Mr. Reschenthaler, Mr. Perry, Mr. Guest, Mr. Turner, Mr. Bacon, Mr. Rodney Davis of Illinois, Mr. Cole, Mr. Katko, Mr. Long, Mr. Jackson, Mrs. Lesko, Mr. Gonzalez of Ohio, Mr. Comer, Mr. Budd, Mr. Rogers of Alabama, Ms. Herrell, Mr. Meuser, Mr. Crawford, Mr. Hern, Mr. Kustoff, Mr. Luetkemeyer, Mrs. Harshbarger, Mr. Rice of South Carolina, Mrs. McClain, Mr. Cline, Mr. Cawthorn, Mr. Smith of Nebraska, Mr. Smucker, Mr. Meijer, Mr. Posey, Mr. Garbarino, Mr. Jacobs of New York, Mr. Estes, and Mrs. Walorski) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Main Street Tax Certainty Act”.
SEC. 2. Deduction for qualified business income made permanent.
Section 199A of the Internal Revenue Code of 1986 is amended by striking subsection (i).