Main Street Tax Certainty Act

I 117TH CONGRESS 1ST SESSION H. R. 1381 To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income. IN THE HOUSE OF REPRESENTATIVES FEBRUARY 25, 2021 Mr. SMITH of Missouri (for himself, Mr. CUELLAR, Mr. TAYLOR, Mr. GOTTHEIMER, Mr. BURCHETT, Mrs. HINSON, Mr. ARRINGTON, Mr. RESCHENTHALER, Mr. PERRY, Mr. GUEST, Mr. TURNER, Mr. BACON, Mr. RODNEY DAVIS of Illinois, Mr. COLE, Mr. KATKO, Mr. LONG, Mr. JACKSON, Mrs. LESKO, Mr. GONZALEZ of Ohio, Mr. COMER, Mr. BUDD, Mr. ROGERS of Alabama, Ms. HERRELL, Mr. MEUSER, Mr. CRAWFORD, Mr. HERN, Mr. KUSTOFF, Mr. LUETKEMEYER, Mrs. HARSHBARGER, Mr. RICE of South Carolina, Mrs. MCCLAIN, Mr. CLINE, Mr. CAWTHORN, Mr. SMITH of Nebraska, Mr. SMUCKER, Mr. MEIJER, Mr. POSEY, Mr. GARBARINO, Mr. JACOBS of New York, Mr. ESTES, and Mrs. WALORSKI) introduced the following bill; which was referred to the Committee on Ways and Means 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 VerDate Sep 11 2014 20:54 Mar 23, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1381.IH H1381 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 1381 IH SEC. 2. DEDUCTION FOR QUALIFIED BUSINESS INCOME 1 MADE PERMANENT. 2 Section 199A of the Internal Revenue Code of 1986 3 is amended by striking subsection (i). 4 Æ VerDate Sep 11 2014 20:54 Mar 23, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1381.IH H1381 pamtmann on DSKBC07HB2PROD with BILLS