II 117TH CONGRESS 1ST SESSION S. 480 To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. IN THE SENATE OF THE UNITED STATES FEBRUARY 25, 2021 Mr. DAINES (for himself, Mr. CASSIDY, Mr. SCOTT of South Carolina, and Mr. PORTMAN) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Main Street Tax Cer- 4 tainty Act’’. 5 SEC. 2. DEDUCTION FOR QUALIFIED BUSINESS INCOME 6 MADE PERMANENT. 7 Section 199A of the Internal Revenue Code of 1986 8 is amended by striking subsection (i). 9 Æ VerDate Sep 11 2014 23:53 Mar 19, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6301 E:\BILLS\S480.IS S480 pbinns on DSKJLVW7X2PROD with BILLS