Bill · S. 213· Senate(119-S-213)

Main Street Tax Certainty Act

Age: 64 years

Montana

Introduced: 1/23/2025
Last activity: 1/23/2025 — Read twice and referred to the Committee on Finance.
Sponsored by: Steve Daines
Cosponsors: - 45 - 0

Taxation

Introduced
In Committee

What this bill would do

This bill, titled the Main Street Tax Certainty Act, seeks to amend the Internal Revenue Code of 1986. The primary purpose is to make the deduction for qualified business income permanent. This change is achieved by striking subsection (i) of Section 199A.

Yes· 3 of 5

Would business owners be better off under this?+7
The bill directly benefits business owners by ensuring the qualified business income deduction remains a permanent part of the tax code.
Does this cut taxes for small businesses?+6
The bill makes the deduction for qualified business income permanent, providing long-term tax relief for small business owners.
Would middle-income households be better off under this?+4
The bill provides tax certainty and potential relief for middle-income business owners through the permanent deduction of qualified business income.