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Main Street Tax Certainty Act This bill makes permanent the qualified business income (QBI) tax deduction. Under current law, individuals, estates, and trusts may deduct the lower of (1) 20% of QBI from a qualified business, qualified real estate investment trust dividends, and qualified publicly traded partnership income; or (2) 20% of taxable income less net capital gain. (Some limitations apply.) However, under current law, the QBI tax deduction expires after December 31, 2025.
Introduced
Jan 23, 2025
Last Action
Jan 23, 2025
Session
119th Congress
Sponsors
1 primary · 192 co
Passage Probability
2% — Very Low
Introduced in House
Referred to the House Committee on Ways and Means.
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2%
Estimate based on legislative signals
See what factors are driving this score — cosponsor support, bipartisan backing, committee progress, and more.
Upgrade to ProReferred to the House Committee on Ways and Means.
Green, Mark E.
Greene, Marjorie Taylor
LaMalfa, Doug