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- H.R.5076
H.R.5076: Main Street Fairness Act
About This Bill
- Introduced April 27, 2016
- Latest Major Action April 27, 2016
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
12 (All Republicans)
Bill 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...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 27, 2016 |
Referred to the House Committee on Ways and Means.
|
| April 27, 2016 |
Introduced in the House by Vern Buchanan (R-Fla.) |