# 114-hr-5076: Main Street Fairness Act

114-hr-5076, Main Street Fairness Act, is a 114th Congress bill sponsored by Rep. Buchanan, Vern [R-FL-16] (R-FL); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5076
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5076
- Congress: 114
- Title: Main Street Fairness Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-04-27
- Sponsor: Rep. Buchanan, Vern [R-FL-16] (R-FL)
- Cosponsors: 12
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Main Street Fairness Act This bill amends the Internal Revenue Code to prevent qualified business income attributed to individuals from being taxed at a higher rate than corporate income. (Under current law, business income attributed to individuals is taxed using individual income tax rates rather than the corporate tax rate.) Qualified business income is all items of income, deduction, loss, or credit properly attributable to the taxpayer from the active conduct of a trade or business, including: a partnership in which the taxpayer holds a capital or profits interest; an S corporation in which the taxpayer is a shareholder; a sole proprietorship or an entity otherwise disregarded as separate from its sole owner, in which the taxpayer is the sole owner; and a trust or estate in which the taxpayer is a beneficiary. Qualified business income does not include any item taken into account in determining net capital gain or the financial services income of partnerships.

## Cosponsors (12)

- Rep. Boustany, Charles W., Jr. [R-LA-3] (R-LA), 2016-04-27T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2016-04-27T00:00:00.000Z
- Rep. Jolly, David W. [R-FL-13] (R-FL), 2016-04-28T00:00:00.000Z
- Rep. Flores, Bill [R-TX-17] (R-TX), 2016-04-28T00:00:00.000Z
- Rep. Meadows, Mark [R-NC-11] (R-NC), 2016-04-28T00:00:00.000Z
- Rep. Stivers, Steve [R-OH-15] (R-OH), 2016-04-29T00:00:00.000Z
- Rep. Harris, Andy [R-MD-1] (R-MD), 2016-05-19T00:00:00.000Z
- Rep. Neugebauer, Randy [R-TX-19] (R-TX), 2016-05-19T00:00:00.000Z
- Rep. Wittman, Robert J. [R-VA-1] (R-VA), 2016-05-26T00:00:00.000Z
- Rep. Tipton, Scott R. [R-CO-3] (R-CO), 2016-05-26T00:00:00.000Z
- Rep. Dold, Robert J. [R-IL-10] (R-IL), 2016-05-27T00:00:00.000Z
- ROBERT GOODLATTE (R-VA), 2016-11-15T00:00:00.000Z

## Related bills

- 114-hr-4773: Protecting Workplace Advancement and Opportunity Act
- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015
- 114-hr-160: Protect Medical Innovation Act of 2015
- 114-hr-1624: Protecting Affordable Coverage for Employees Act
- 114-hr-24: Federal Reserve Transparency Act of 2015
- 114-hr-4938: Free File Act of 2016

## Sources
- [114-hr-5076 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5076)

## Related
- [114-hr-4773: Protecting Workplace Advancement and Opportunity Act](https://policyrisk.com/legislation/114-hr-4773)
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [114-hr-1624: Protecting Affordable Coverage for Employees Act](https://policyrisk.com/legislation/114-hr-1624)
- [114-hr-24: Federal Reserve Transparency Act of 2015](https://policyrisk.com/legislation/114-hr-24)
- [114-hr-4938: Free File Act of 2016](https://policyrisk.com/legislation/114-hr-4938)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5076 (as of 2025-11-18).