119th Congress Taxation
H.R. 703: Main Street Tax Certainty Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
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
- Mark Amodei R-NVOriginal
- Rick Allen R-GAOriginal
- Jodey Arrington R-TXOriginal
- Mark Alford R-MOOriginal
- Stephanie Bice R-OKOriginal
- Gus Bilirakis R-FLOriginal
- Vern Buchanan R-FLOriginal
- Garland Barr R-KYOriginal
- Mike Bost R-ILOriginal
- Don Bacon R-NEOriginal
- Jack Bergman R-MIOriginal
- Troy Balderson R-OHOriginal
- James Baird R-INOriginal
- Tim Burchett R-TNOriginal
- Aaron Bean R-FLOriginal
- Eric Burlison R-MOOriginal
- Tom Barrett R-MIOriginal
- Nicholas Begich R-AKOriginal
- Robert Bresnahan R-PAOriginal
- Ken Calvert R-CAOriginal
- Katherine Cammack R-FLOriginal
- Tom Cole R-OKOriginal
- Henry Cuellar D-TXOriginal
- Earl Carter R-GAOriginal
- James Comer R-KYOriginal
- Andrew Clyde R-GAOriginal
- Ben Cline R-VAOriginal
- Dan Crenshaw R-TXOriginal
- Mike Carey R-OHOriginal
- Mike Collins R-GAOriginal
- Juan Ciscomani R-AZOriginal
- Jeff Crank R-COOriginal
- Mónica De La Cruz R-TXOriginal
- Warren Davidson R-OHOriginal
- Troy Downing R-MTOriginal
- Jake Ellzey R-TXOriginal
- Mike Ezell R-MSOriginal
- Charles (Chuck) Edwards R-NCOriginal
- Tom Emmer R-MNOriginal
- Ron Estes R-KSOriginal
- Patrick Fallon R-TXOriginal
- Randy Feenstra R-IAOriginal
- Virginia Foxx R-NCOriginal
- Charles Fleischmann R-TNOriginal
- Brian Fitzpatrick R-PAOriginal
- Russ Fulcher R-IDOriginal
- Michelle Fischbach R-MNOriginal
- Scott Fitzgerald R-WIOriginal
- C. Franklin R-FLOriginal
- Brad Finstad R-MNOriginal
- Russell Fry R-SCOriginal
- Vince Fong R-CAOriginal
- Sam Graves R-MOOriginal
- Brett Guthrie R-KYOriginal
- H. Griffith R-VAOriginal
- Glenn Grothman R-WIOriginal
- Josh Gottheimer D-NJOriginal
- Lance Gooden R-TXOriginal
- Mark Green R-TNOriginal
- Michael Guest R-MSOriginal
- Carlos Gimenez R-FLOriginal
- Marjorie Greene R-GAOriginal
- Andrew Garbarino R-NYOriginal
- Brandon Gill R-TXOriginal
- Bill Huizenga R-MIOriginal
- Richard Hudson R-NCOriginal
- J. Hill R-AROriginal
- Clay Higgins R-LAOriginal
- Kevin Hern R-OKOriginal
- Diana Harshbarger R-TNOriginal
- Ashley Hinson R-IAOriginal
- Erin Houchin R-INOriginal
- Harriet Hageman R-WYOriginal
- David Joyce R-OHOriginal
- Dusty Johnson R-SDOriginal
- John Joyce R-PAOriginal
- Ronny Jackson R-TXOriginal
- Brian Jack R-GAOriginal
- Mike Kelly R-PAOriginal
- Trent Kelly R-MSOriginal
- David Kustoff R-TNOriginal
- Young Kim R-CAOriginal
- Thomas Kean R-NJOriginal
- Jennifer Kiggans R-VAOriginal
- Kevin Kiley I-CAOriginal
- Frank Lucas R-OKOriginal
- Doug LaMalfa R-CAOriginal
- Barry Loudermilk R-GAOriginal
- Darin LaHood R-ILOriginal
- Julia Letlow R-LAOriginal
- Nicolas LaLota R-NYOriginal
- Michael Lawler R-NYOriginal
- Nicholas Langworthy R-NYOriginal
- Morgan Luttrell R-TXOriginal
- Nancy Mace R-SCOriginal
- Nicole Malliotakis R-NYOriginal
- Michael McCaul R-TXOriginal
- John Moolenaar R-MIOriginal
- Daniel Meuser R-PAOriginal
- Carol Miller R-WVOriginal
- Gregory Murphy R-NCOriginal
- Mary Miller R-ILOriginal
- Barry Moore R-ALOriginal
- Blake Moore R-UTOriginal
- Mariannette Miller-Meeks R-IAOriginal
- Cory Mills R-FLOriginal
- Rich McCormick R-GAOriginal
- Max Miller R-OHOriginal
- Nathaniel Moran R-TXOriginal
- Celeste Maloy R-UTOriginal
- Ryan Mackenzie R-PAOriginal
- Riley Moore R-WVOriginal
- Tim Moore R-NCOriginal
- John McGuire R-VAOriginal
- Addison McDowell R-NCOriginal
- Dan Newhouse R-WAOriginal
- Zachary (Zach) Nunn R-IAOriginal
- Clarence Owens R-UTOriginal
- Scott Perry R-PAOriginal
- Harold Rogers R-KYOriginal
- Mike Rogers R-ALOriginal
- David Rouzer R-NCOriginal
- John Rutherford R-FLOriginal
- Guy Reschenthaler R-PAOriginal
- Michael Rulli R-OHOriginal
- Maria Salazar R-FLOriginal
- Pete Sessions R-TXOriginal
- Adrian Smith R-NEOriginal
- David Schweikert R-AZOriginal
- Marlin Stutzman R-INOriginal
- Austin Scott R-GAOriginal
- Pete Stauber R-MNOriginal
- Bryan Steil R-WIOriginal
- W. Steube R-FLOriginal
- Dale Strong R-ALOriginal
- Derek Schmidt R-KSOriginal
- Glenn Thompson R-PAOriginal
- Claudia Tenney R-NYOriginal
- William Timmons R-SCOriginal
- David Taylor R-OHOriginal
- David Valadao R-CAOriginal
- Jefferson Van Drew R-NJOriginal
- Beth Van Duyne R-TXOriginal
- Derrick Van Orden R-WIOriginal
- Joe Wilson R-SCOriginal
- Tim Walberg R-MIOriginal
- Robert Wittman R-VAOriginal
- Daniel Webster R-FLOriginal
- Ann Wagner R-MOOriginal
- Randy Weber R-TXOriginal
- Roger Williams R-TXOriginal
- Tony Wied R-WIOriginal
- Rudy Yakym R-INOriginal
- Ryan Zinke R-MTOriginal
- Julie Fedorchak R-ND
- Mike Flood R-NE
- Laurel Lee R-FL
- Mark Messmer R-IN
- Jay Obernolte R-CA
- Andrew Ogles R-TN
- Gary Palmer R-AL
- John Rose R-TN
- Keith Self R-TX
- Michael Turner R-OH
- Steve Womack R-AR
- Bruce Westerman R-AR
- August Pfluger R-TX
- Craig Goldman R-TX
- Robert Latta R-OH
- Robert Aderholt R-AL
- Tracey Mann R-KS
- Michael Simpson R-ID
- Neal Dunn R-FL
- Robert Onder R-MO
- Jefferson Shreve R-IN
- Gabe Evans R-CO
- Pat Harrigan R-NC
- Jeff Hurd R-CO
- Michael Baumgartner R-WA
- Andy Harris R-MD
- Thomas Tiffany R-WI
- Elise Stefanik R-NY
- Ralph Norman R-SC
- Sheri Biggs R-SC
- Scott DesJarlais R-TN
- Brad Knott R-NC
- Ernest Gonzales R-TX
- Andy Biggs R-AZ
- John James R-MI
- Jim Jordan R-OH
- Wesley Hunt R-TX
- Sanford Bishop D-GA
Who scored on this bill
- 1Lloyd Smucker SponsorDrew cross-party cosponsors, reached a cosponsor milestone, introduced5 events+24
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Lloyd Smucker
History
- Introduced in the House by Lloyd Smucker.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.