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- H.R.116
H.R.116: Main Street Fairness Act
About This Bill
- Introduced Jan. 3, 2017
- Latest Major Action Jan. 3, 2017
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (2 Democrats, 3 Republicans)
Bill Version
- Introduced in House - Jan. 3, 2017
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 |
---|---|
Jan. 3, 2017 |
Referred to the House Committee on Ways and Means.
|
Jan. 3, 2017 |
Introduced in the House by Vern Buchanan (R-Fla.) |