S. 1706
Referred to CommitteeMain Street Tax Certainty Act
Latest Action
Read twice and referred to the Committee on Finance.
5/18/2023 • Senate
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 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.
Introduced in Senate • 5/18/2023
Topics & Subjects
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Sponsor & Cosponsors (35)
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Sponsor
Cosponsors (34)
Bill Journey
Originated in the Senate
Introduced
May 18, 2023
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law