Main Street Tax Certainty Act

Bill: 116-s-1149
Sponsor: full_name: Sen. Daines, Steve [R-MT]
Introduced: 2019-04-11
Policy area: Taxation
Subjects: Income tax deductions

Tax administration and collection, taxpayers
Latest action: action_date: 2019-04-11
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2019-04-11
action_desc: Introduced in Senate
text: <p><b>Main Street Tax Certainty Act </b></p> <p>This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025.)</p>

tv_txt: II 116th CONGRESS 1st Session S. 1149 IN THE SENATE OF THE UNITED STATES April 11, 2019 Mr. Daines (for himself, Mr. Roberts , and Mr. Thune ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income.

1. Short title This Act may be cited as the Main Street Tax Certainty Act . 2. Deduction for qualified business income made permanent Section 199A of the Internal Revenue Code of 1986 is amended by striking subsection (i).