Main Street Tax Certainty Act
Sponsored By: Senator Daines, Steve [R-MT]
Introduced
Summary
This bill would make permanent the qualified business income (QBI) deduction that lets many individuals, estates, and trusts deduct up to 20% of qualifying business income. The QBI deduction currently expires after December 31, 2025. The bill would remove that sunset by striking subsection (i) of section 199A. It does not change the deduction's 20% rate, definitions, or existing wage and property limits.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Permanent pass-through business tax break
If enacted, this bill would make the pass-through business tax deduction (the QBI deduction) permanent. You would still use the same rules and limits to figure the deduction. The bill would not change deduction rates, wage (W-2) limits, or capital thresholds. The change would take effect upon enactment. This mainly helps sole proprietors, partners, and S corporation shareholders who claim the deduction.
Sponsors & CoSponsors
Sponsor
Daines, Steve [R-MT]
MT • R
Cosponsors
Sen. Grassley, Chuck [R-IA]
IA • R
Sponsored 1/23/2025
Sen. Cramer, Kevin [R-ND]
ND • R
Sponsored 1/23/2025
Sen. Moran, Jerry [R-KS]
KS • R
Sponsored 1/23/2025
Sen. Blackburn, Marsha [R-TN]
TN • R
Sponsored 1/23/2025
Mike Rounds
SD • R
Sponsored 1/23/2025
Shelley Capito
WV • R
Sponsored 1/23/2025
Sen. Ricketts, Pete [R-NE]
NE • R
Sponsored 1/23/2025
Katie Britt
AL • R
Sponsored 1/23/2025
Sen. Risch, James E. [R-ID]
ID • R
Sponsored 1/23/2025
Sen. Schmitt, Eric [R-MO]
MO • R
Sponsored 1/23/2025
Roger Wicker
MS • R
Sponsored 1/23/2025
Sen. Lummis, Cynthia M. [R-WY]
WY • R
Sponsored 1/23/2025
Cindy Hyde-Smith
MS • R
Sponsored 1/23/2025
Sen. Tuberville, Tommy [R-AL]
AL • R
Sponsored 1/23/2025
Sen. Cruz, Ted [R-TX]
TX • R
Sponsored 1/23/2025
Sen. Lankford, James [R-OK]
OK • R
Sponsored 1/23/2025
John Hoeven
ND • R
Sponsored 1/23/2025
Sen. Tillis, Thomas [R-NC]
NC • R
Sponsored 1/23/2025
Sen. Marshall, Roger [R-KS]
KS • R
Sponsored 1/23/2025
Sen. Justice, James C. [R-WV]
WV • R
Sponsored 1/23/2025
Sen. Sheehy, Tim [R-MT]
MT • R
Sponsored 1/23/2025
Sen. Fischer, Deb [R-NE]
NE • R
Sponsored 1/23/2025
Sen. Ernst, Joni [R-IA]
IA • R
Sponsored 1/23/2025
Sen. Cassidy, Bill [R-LA]
LA • R
Sponsored 1/23/2025
Sen. Thune, John [R-SD]
SD • R
Sponsored 1/23/2025
Sen. Budd, Ted [R-NC]
NC • R
Sponsored 1/23/2025
Sen. Scott, Rick [R-FL]
FL • R
Sponsored 1/23/2025
Bill Hagerty
TN • R
Sponsored 1/23/2025
Sen. Barrasso, John [R-WY]
WY • R
Sponsored 1/23/2025
Sen. Young, Todd [R-IN]
IN • R
Sponsored 1/23/2025
Sen. Kennedy, John [R-LA]
LA • R
Sponsored 1/23/2025
Sen. Scott, Tim [R-SC]
SC • R
Sponsored 1/23/2025
Sen. Banks, Jim [R-IN]
IN • R
Sponsored 1/23/2025
Sen. Cotton, Tom [R-AR]
AR • R
Sponsored 1/23/2025
Sen. Curtis, John R. [R-UT]
UT • R
Sponsored 1/23/2025
Dan Sullivan
AK • R
Sponsored 1/23/2025
Sen. Graham, Lindsey [R-SC]
SC • R
Sponsored 1/23/2025
John Boozman
AR • R
Sponsored 1/24/2025
Sen. Moreno, Bernie [R-OH]
OH • R
Sponsored 1/24/2025
Sen. Husted, Jon [R-OH]
OH • R
Sponsored 1/27/2025
Sen. McCormick, David [R-PA]
PA • R
Sponsored 1/28/2025
Sen. Lee, Mike [R-UT]
UT • R
Sponsored 1/28/2025
Sen. Hawley, Josh [R-MO]
MO • R
Sponsored 4/3/2025
Sen. Collins, Susan M. [R-ME]
ME • R
Sponsored 4/29/2025
Sen. Cornyn, John [R-TX]
TX • R
Sponsored 5/14/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov