House Bill 4721 - Main Street Tax Certainty Act

Purpose and Summary

Chamber: House

Introduced date: 2023-07-18

Recent Activity

Referred to the House Committee on Ways and Means.

Alternative Names

Main Street Tax Certainty Act

Main Street Tax Certainty Act

To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income.

Associated Legislation

Main Street Tax Certainty Act

Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Rep. Smucker, Lloyd [R-PA-11]

Cosponsors and Supporters

Rep. Cuellar, Henry [D-TX-28]

Rep. Gottheimer, Josh [D-NJ-5]

Rep. Buchanan, Vern [R-FL-16]

Rep. Smith, Adrian [R-NE-3]

Rep. Kelly, Mike [R-PA-16]

Rep. Schweikert, David [R-AZ-1]

Rep. LaHood, Darin [R-IL-16]

Rep. Wenstrup, Brad R. [R-OH-2]

Rep. Arrington, Jodey C. [R-TX-19]

Rep. Ferguson, A. Drew, IV [R-GA-3]

Rep. Estes, Ron [R-KS-4]

Rep. Hern, Kevin [R-OK-1]

Rep. Miller, Carol D. [R-WV-1]

Rep. Murphy, Gregory [R-NC-3]

Rep. Kustoff, David [R-TN-8]

Rep. Fitzpatrick, Brian K. [R-PA-1]

Rep. Steube, W. Gregory [R-FL-17]

Rep. Tenney, Claudia [R-NY-24]

Rep. Fischbach, Michelle [R-MN-7]

Rep. Moore, Blake D. [R-UT-1]

Rep. Steel, Michelle [R-CA-45]

Rep. Van Duyne, Beth [R-TX-24]

Rep. Feenstra, Randy [R-IA-4]

Rep. Malliotakis, Nicole [R-NY-11]

Rep. Carey, Mike [R-OH-15]

Rep. Wittman, Robert J. [R-VA-1]

Rep. Cammack, Kat [R-FL-3]

Rep. Meuser, Daniel [R-PA-9]

Rep. Balderson, Troy [R-OH-12]

Rep. Grothman, Glenn [R-WI-6]

Rep. Bacon, Don [R-NE-2]

Rep. Burchett, Tim [R-TN-2]

Rep. Barr, Andy [R-KY-6]

Rep. Reschenthaler, Guy [R-PA-14]

Rep. Bergman, Jack [R-MI-1]

Rep. Perry, Scott [R-PA-10]

Rep. Joyce, John [R-PA-13]

Rep. Mace, Nancy [R-SC-1]

Rep. Sessions, Pete [R-TX-17]

Rep. Mooney, Alexander X. [R-WV-2]

Rep. Moolenaar, John R. [R-MI-2]

Rep. Harshbarger, Diana [R-TN-1]

Rep. Cole, Tom [R-OK-4]

Rep. LaTurner, Jake [R-KS-2]

Rep. Ezell, Mike [R-MS-4]

Rep. Fitzgerald, Scott [R-WI-5]

Rep. Moore, Barry [R-AL-2]

Rep. Timmons, William R. IV [R-SC-4]

Rep. Hudson, Richard [R-NC-9]

Rep. Curtis, John R. [R-UT-3]

Rep. Ellzey, Jake [R-TX-6]

Rep. Stauber, Pete [R-MN-8]

Rep. Banks, Jim [R-IN-3]

Rep. Stefanik, Elise M. [R-NY-21]

Rep. Miller-Meeks, Mariannette [R-IA-1]

Rep. Bucshon, Larry [R-IN-8]

Rep. Amodei, Mark E. [R-NV-2]

Rep. Kim, Young [R-CA-40]

Rep. Hinson, Ashley [R-IA-2]

Rep. Higgins, Clay [R-LA-3]

Rep. Wagner, Ann [R-MO-2]

Rep. Pence, Greg [R-IN-6]

Rep. Johnson, Bill [R-OH-6]

Rep. Jackson, Ronny [R-TX-13]

Rep. Luetkemeyer, Blaine [R-MO-3]

Rep. Bean, Aaron [R-FL-4]

Rep. Moran, Nathaniel [R-TX-1]

Rep. Williams, Roger [R-TX-25]

Rep. Yakym, Rudy [R-IN-2]

Rep. Alford, Mark [R-MO-4]

Rep. Garbarino, Andrew R. [R-NY-2]

Rep. Dunn, Neal P. [R-FL-2]

Rep. Edwards, Chuck [R-NC-11]

Rep. Miller, Max L. [R-OH-7]

Rep. Ogles, Andrew [R-TN-5]

Rep. Kean, Thomas H. [R-NJ-7]

Rep. Weber, Randy K., Sr. [R-TX-14]

Rep. Guest, Michael [R-MS-3]

Rep. Rouzer, David [R-NC-7]

Rep. Mann, Tracey [R-KS-1]

Rep. Rutherford, John H. [R-FL-5]

Rep. Bice, Stephanie I. [R-OK-5]

Rep. Graves, Sam [R-MO-6]

Rep. Green, Mark E. [R-TN-7]

Rep. Finstad, Brad [R-MN-1]

Rep. Walberg, Tim [R-MI-5]

Rep. James, John [R-MI-10]

Rep. Kelly, Trent [R-MS-1]

Rep. Langworthy, Nicholas A. [R-NY-23]

Rep. Crawford, Eric A. "Rick" [R-AR-1]

Rep. Scott, Austin [R-GA-8]

Rep. Jordan, Jim [R-OH-4]

Rep. Calvert, Ken [R-CA-41]

Rep. McClain, Lisa C. [R-MI-9]

Rep. Westerman, Bruce [R-AR-4]

Rep. Cline, Ben [R-VA-6]

Rep. Rose, John W. [R-TN-6]

Rep. Bost, Mike [R-IL-12]

Rep. Houchin, Erin [R-IN-9]

Rep. Self, Keith [R-TX-3]

Rep. Johnson, Mike [R-LA-4]

Rep. Lee, Laurel M. [R-FL-15]

Rep. Good, Bob [R-VA-5]

Rep. Crenshaw, Dan [R-TX-2]

Rep. Hageman, Harriet M. [R-WY-At Large]

Rep. Duarte, John S. [R-CA-13]

Rep. Lamborn, Doug [R-CO-5]

Rep. Graves, Garret [R-LA-6]

Rep. Duncan, Jeff [R-SC-3]

Rep. Carter, Earl L. "Buddy" [R-GA-1]

Rep. Kiley, Kevin [R-CA-3]

Rep. Nehls, Troy E. [R-TX-22]

Rep. Gooden, Lance [R-TX-5]

Rep. Ciscomani, Juan [R-AZ-6]

Rep. Flood, Mike [R-NE-1]

Rep. Lesko, Debbie [R-AZ-8]

Rep. De La Cruz, Monica [R-TX-15]

Rep. Lawler, Michael [R-NY-17]

Rep. Donalds, Byron [R-FL-19]

Rep. Fallon, Pat [R-TX-4]

Rep. Salazar, Maria Elvira [R-FL-27]

Rep. Clyde, Andrew S. [R-GA-9]

Rep. Williams, Brandon [R-NY-22]

Rep. Buck, Ken [R-CO-4]

Rep. Zinke, Ryan K. [R-MT-1]

Rep. Chavez-DeRemer, Lori [R-OR-5]

Rep. Guthrie, Brett [R-KY-2]

Rep. Huizenga, Bill [R-MI-4]

Rep. Thompson, Glenn [R-PA-15]

Rep. Owens, Burgess [R-UT-4]

Rep. Foxx, Virginia [R-NC-5]

Rep. Obernolte, Jay [R-CA-23]

Rep. Waltz, Michael [R-FL-6]

Rep. Carl, Jerry L. [R-AL-1]

Rep. Tiffany, Thomas P. [R-WI-7]

Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]

Rep. LaLota, Nick [R-NY-1]

Rep. Van Orden, Derrick [R-WI-3]

Rep. Newhouse, Dan [R-WA-4]

Rep. Miller, Mary E. [R-IL-15]

Rep. Rogers, Harold [R-KY-5]

Rep. Nunn, Zachary [R-IA-3]

Rep. Granger, Kay [R-TX-12]

Rep. Womack, Steve [R-AR-3]

Rep. Pfluger, August [R-TX-11]

Rep. Loudermilk, Barry [R-GA-11]

Rep. Webster, Daniel [R-FL-11]

Rep. Steil, Bryan [R-WI-1]

Rep. Valadao, David G. [R-CA-22]

Rep. LaMalfa, Doug [R-CA-1]

Rep. Franklin, C. Scott [R-FL-18]

Rep. Armstrong, Kelly [R-ND-At Large]

Rep. Johnson, Dusty [R-SD-At Large]

Rep. McCormick, Richard [R-GA-6]

Rep. Gimenez, Carlos A. [R-FL-28]

Rep. Baird, James R. [R-IN-4]

Rep. Lucas, Frank D. [R-OK-3]

Rep. Gonzales, Tony [R-TX-23]

Rep. Kiggans, Jennifer A [R-VA-2]

Rep. Luna, Anna Paulina [R-FL-13]

Rep. Wilson, Joe [R-SC-2]

Rep. Comer, James [R-KY-1]

Rep. Fry, Russell [R-SC-7]

Rep. Burlison, Eric [R-MO-7]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions

Keith SelfRudy Yakym IIIDerrick Van OrdenNicholas A. LangworthyErin Houchin

Main Street Tax Certainty Act

1/26/2024, 8:15 AM

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 ...

Congress
118

Number
HR - 4721

Introduced on
2023-07-18

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

7/18/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and 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 ...

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary10/18/2023

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 ...


Latest Action7/18/2023
Referred to the House Committee on Ways and Means.