118th Congress Taxation
S. 1706: Main Street Tax Certainty Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Marsha Blackburn R-TNOriginal
- John Barrasso R-WYOriginal
- Mike Braun R-INOriginal
- Katie Britt R-ALOriginal
- Bill Cassidy R-LAOriginal
- Kevin Cramer R-NDOriginal
- Ted Cruz R-TXOriginal
- Charles Grassley R-IAOriginal
- Bill Hagerty R-TNOriginal
- Roger Marshall R-KSOriginal
- James Risch R-IDOriginal
- Tim Scott R-SCOriginal
- Thom Tillis R-NCOriginal
- Roger Wicker R-MSOriginal
- Cynthia Lummis R-WY
- Ted Budd R-NC
- Mike Lee R-UT
- Jerry Moran R-KS
- John Kennedy R-LA
- Pete Ricketts R-NE
- Eric Schmitt R-MO
- Rand Paul R-KY
- Rick Scott R-FL
- Tom Cotton R-AR
- John Boozman R-AR
- James David Vance R-OH
- Cindy Hyde-Smith R-MS
- Deb Fischer R-NE
- Dan Sullivan R-AK
- Lindsey Graham R-SC
- Joni Ernst R-IA
- Tommy Tuberville R-AL
- Mike Rounds R-SD
- John Hoeven R-ND
Who scored on this bill
- 1Steve Daines SponsorIntroduced, reached a cosponsor milestone2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Steve Daines.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.