H.R. 703

119 HR 703 IH: Main Street Tax Certainty Act
 U.S. House of Representatives
 2025-01-23
 text/xml
 EN
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 I  119th CONGRESS  1st Session  H. R. 703  IN THE HOUSE OF REPRESENTATIVES   January 23, 2025   Mr. Smucker  (for himself,  Mr. Kelly of Pennsylvania ,  Mr. LaHood ,  Ms. Van Duyne ,  Mr. Buchanan ,  Mrs. Miller of West Virginia ,  Mr. Feenstra ,  Mr. Murphy ,  Mr. Stauber ,  Mr. Joyce of Pennsylvania ,  Mr. Bost ,  Mr. Crenshaw ,  Mr. Meuser ,  Mr. Ellzey ,  Mr. Weber of Texas ,  Ms. Salazar ,  Mr. Clyde ,  Mr. Fitzgerald ,  Mr. Rouzer ,  Mrs. Cammack ,  Mr. Finstad ,  Mr. Carter of Georgia ,  Mr. Ciscomani ,  Mr. Cline ,  Mr. Fong ,  Mr. Smith of Nebraska ,  Mr. Rulli ,  Mr. Moolenaar ,  Ms. Foxx ,  Mr. Lawler ,  Mr. Green of Tennessee ,  Mr. Rogers of Kentucky ,  Mrs. Bice ,  Mr. Strong ,  Mr. Guest ,  Mr. Hudson ,  Mr. Kean ,  Mr. Rogers of Alabama ,  Mr. Nunn of Iowa ,  Mr. Moran ,  Mr. Fallon ,  Mr. Edwards ,  Mr. Moore of West Virginia ,  Mr. Rutherford ,  Mr. Hern of Oklahoma ,  Mr. Estes ,  Mr. Gottheimer ,  Mr. Moore of Utah ,  Mr. Kustoff ,  Mr. Grothman ,  Mr. Van Orden ,  Mr. Fitzpatrick ,  Mr. Baird ,  Mr. Fleischmann ,  Mr. Carey ,  Mr. Griffith ,  Mr. Sessions ,  Mr. Webster of Florida ,  Mrs. Kim ,  Mr. LaLota ,  Mr. Wilson of South Carolina ,  Mr. Zinke ,  Mrs. Wagner ,  Mr. Austin Scott of Georgia ,  Mr. Alford ,  Mr. Fulcher ,  Mr. Balderson ,  Mr. Kiley of California ,  Mr. Garbarino ,  Mr. Barrett ,  Mr. Moore of Alabama ,  Mr. Graves ,  Mr. Miller of Ohio ,  Mr. Van Drew ,  Mr. Ezell ,  Mrs. Harshbarger ,  Ms. Maloy ,  Ms. Letlow ,  Mrs. Hinson ,  Mrs. Kiggans of Virginia ,  Mr. Bacon ,  Mr. Begich ,  Mr. Valadao ,  Mr. Walberg ,  Mr. Kelly of Mississippi ,  Mr. Collins ,  Mr. Langworthy ,  Mr. Scott Franklin of Florida ,  Mr. Bilirakis ,  Mr. Huizenga ,  Mr. Allen ,  Mr. Bergman ,  Mr. Higgins of Louisiana ,  Mr. Amodei of Nevada ,  Mr. Thompson of Pennsylvania ,  Mr. Owens ,  Mr. Steil ,  Mr. Guthrie ,  Mr. Barr ,  Mr. Calvert ,  Mr. Wittman ,  Mr. Burchett ,  Mr. Newhouse ,  Ms. Mace ,  Mr. Mackenzie ,  Mrs. Houchin ,  Mr. Williams of Texas ,  Ms. Tenney ,  Mrs. Fischbach ,  Ms. Hageman ,  Mr. Steube ,  Mr. Gill of Texas ,  Mr. Schmidt ,  Ms. De La Cruz ,  Mr. McCormick ,  Mr. McDowell ,  Mr. Bresnahan ,  Mrs. Miller-Meeks ,  Mr. Loudermilk ,  Mr. Yakym ,  Mr. Gooden ,  Mr. Johnson of South Dakota ,  Ms. Malliotakis ,  Mr. Perry ,  Mr. Burlison ,  Mr. Arrington ,  Mr. Bean of Florida ,  Mr. Timmons ,  Mrs. Miller of Illinois ,  Mr. LaMalfa ,  Mr. McCaul ,  Mr. Wied ,  Ms. Greene of Georgia ,  Mr. Downing ,  Mr. Crank ,  Mr. Gimenez ,  Mr. Davidson ,  Mr. Lucas ,  Mr. Taylor ,  Mr. Moore of North Carolina ,  Mr. Luttrell ,  Mr. Schweikert ,  Mr. Comer ,  Mr. Emmer ,  Mr. Joyce of Ohio ,  Mr. Jack ,  Mr. Stutzman ,  Mr. Cuellar ,  Mr. Reschenthaler ,  Mr. Fry ,  Mr. Cole ,  Mr. Hill of Arkansas ,  Mr. Jackson of Texas ,  Mr. Mills , and  Mr. McGuire ) 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
(a)
In general
 Section 199A  of the Internal Revenue Code of 1986 is amended by striking subsection (i).
(b)
Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2025.