S 1149
Main Street Tax Certainty Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Main Street Tax Certainty Act aims to make the deduction for qualified business income (QBI) permanent. Currently, this deduction is set to expire after December 31, 2025, but this bill would ensure it remains available to eligible small businesses and pass-through entities. It simplifies the tax landscape for many small businesses by removing the uncertainty surrounding this deduction. This legislation provides tax stability for businesses that qualify.
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Primary sponsor
Cosponsors
Mike Braun
Pat Roberts
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