119-hr703

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 703 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 703

 To amend the Internal Revenue Code of 1986 to make permanent the 
 deduction for qualified business income.

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 IN THE HOUSE OF REPRESENTATIVES

 January 23, 2025

 Mr. Smucker (for himself, Mr. Kelly of Pennsylvania, Mr. LaHood, Ms. 
 Van Duyne, Mr. Buchanan, Mrs. Miller of West Virginia, Mr. Feenstra, 
 Mr. Murphy, Mr. Stauber, Mr. Joyce of Pennsylvania, Mr. Bost, Mr. 
Crenshaw, Mr. Meuser, Mr. Ellzey, Mr. Weber of Texas, Ms. Salazar, Mr. 
 Clyde, Mr. Fitzgerald, Mr. Rouzer, Mrs. Cammack, Mr. Finstad, Mr. 
 Carter of Georgia, Mr. Ciscomani, Mr. Cline, Mr. Fong, Mr. Smith of 
Nebraska, Mr. Rulli, Mr. Moolenaar, Ms. Foxx, Mr. Lawler, Mr. Green of 
 Tennessee, Mr. Rogers of Kentucky, Mrs. Bice, Mr. Strong, Mr. Guest, 
 Mr. Hudson, Mr. Kean, Mr. Rogers of Alabama, Mr. Nunn of Iowa, Mr. 
 Moran, Mr. Fallon, Mr. Edwards, Mr. Moore of West Virginia, Mr. 
Rutherford, Mr. Hern of Oklahoma, Mr. Estes, Mr. Gottheimer, Mr. Moore 
of Utah, Mr. Kustoff, Mr. Grothman, Mr. Van Orden, Mr. Fitzpatrick, Mr. 
 Baird, Mr. Fleischmann, Mr. Carey, Mr. Griffith, Mr. Sessions, Mr. 
Webster of Florida, Mrs. Kim, Mr. LaLota, Mr. Wilson of South Carolina, 
 Mr. Zinke, Mrs. Wagner, Mr. Austin Scott of Georgia, Mr. Alford, Mr. 
 Fulcher, Mr. Balderson, Mr. Kiley of California, Mr. Garbarino, Mr. 
Barrett, Mr. Moore of Alabama, Mr. Graves, Mr. Miller of Ohio, Mr. Van 
Drew, Mr. Ezell, Mrs. Harshbarger, Ms. Maloy, Ms. Letlow, Mrs. Hinson, 
 Mrs. Kiggans of Virginia, Mr. Bacon, Mr. Begich, Mr. Valadao, Mr. 
 Walberg, Mr. Kelly of Mississippi, Mr. Collins, Mr. Langworthy, Mr. 
Scott Franklin of Florida, Mr. Bilirakis, Mr. Huizenga, Mr. Allen, Mr. 
 Bergman, Mr. Higgins of Louisiana, Mr. Amodei of Nevada, Mr. Thompson 
 of Pennsylvania, Mr. Owens, Mr. Steil, Mr. Guthrie, Mr. Barr, Mr. 
 Calvert, Mr. Wittman, Mr. Burchett, Mr. Newhouse, Ms. Mace, Mr. 
 Mackenzie, Mrs. Houchin, Mr. Williams of Texas, Ms. Tenney, Mrs. 
Fischbach, Ms. Hageman, Mr. Steube, Mr. Gill of Texas, Mr. Schmidt, Ms. 
 De La Cruz, Mr. McCormick, Mr. McDowell, Mr. Bresnahan, Mrs. Miller-
 Meeks, Mr. Loudermilk, Mr. Yakym, Mr. Gooden, Mr. Johnson of South 
 Dakota, Ms. Malliotakis, Mr. Perry, Mr. Burlison, Mr. Arrington, Mr. 
Bean of Florida, Mr. Timmons, Mrs. Miller of Illinois, Mr. LaMalfa, Mr. 
 McCaul, Mr. Wied, Ms. Greene of Georgia, Mr. Downing, Mr. Crank, Mr. 
 Gimenez, Mr. Davidson, Mr. Lucas, Mr. Taylor, Mr. Moore of North 
Carolina, Mr. Luttrell, Mr. Schweikert, Mr. Comer, Mr. Emmer, Mr. Joyce 
 of Ohio, Mr. Jack, Mr. Stutzman, Mr. Cuellar, Mr. Reschenthaler, Mr. 
 Fry, Mr. Cole, Mr. Hill of Arkansas, Mr. Jackson of Texas, Mr. Mills, 
 and Mr. McGuire) introduced the following bill; which was referred to 
 the Committee on Ways and Means

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 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 Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Main Street Tax Certainty Act''.

SEC. 2. DEDUCTION FOR QUALIFIED BUSINESS INCOME MADE PERMANENT.

    (a) In General.--

Section 199A of the Internal Revenue Code of 1986 
is amended by striking subsection
            (i) .

    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.
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