S 213 · 119th CongressIn Committeecongress.gov ↗

Main Street Tax Certainty Act

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Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

Right now, certain business owners, estates, and trusts can deduct up to 20% of their business income when calculating their taxes, which lowers the amount of taxes they owe. This tax break is set to go away after December 31, 2025. This bill would make that tax deduction permanent so it does not expire.

Sponsor

Sen. Daines, Steve [R-MT]

R

Introduced

January 23, 2025

Policy Area

Taxation

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