Main Street Tax Certainty Act

Bill: 116-hr-216
Sponsor: full_name: Rep. Smith, Jason [R-MO-8]
Introduced: 2019-01-03
Policy area: Taxation
Subjects: Income tax deductions

Tax administration and collection, taxpayers
Latest action: action_date: 2019-01-03
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2019-01-03
action_desc: Introduced in House
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: I 116th CONGRESS 1st Session H. R. 216 IN THE HOUSE OF REPRESENTATIVES January 3, 2019 Mr. Smith of Missouri introduced the following bill; which was referred to the Committee on Ways and Means 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).