S 1706
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
This bill, the Main Street Tax Certainty Act, aims to make a current tax deduction for small business owners permanent. Currently, the deduction for qualified business income (QBI) is set to expire after 2025. This legislation would ensure that businesses can continue to benefit from this tax incentive, providing greater stability for small and medium-sized enterprises. It specifically modifies the Internal Revenue Code to solidify this provision.
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