H.R.1381: Main Street Tax Certainty Act

About This Bill

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99 (2 Democrats, 97 Republicans)

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Bill Summary

Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025.) Qualified business income is defined as the net amount of qualified items of income, gain, deduction and loss with respect to any trade or business, excluding capital gains or losses, dividends, interest income, or income earned outside the U.S.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.1381.

Bill Actions

Date Description
Feb. 25, 2021
Referred to the House Committee on Ways and Means.
Feb. 25, 2021

Introduced in the House by Jason Smith (R-Mo.)

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