Skip to main content
S. 480 117th Congress Senate

Main Street Tax Certainty Act

Official title: A bill to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income.

Introduced: February 25, 2021 Introduced by: Steve Daines Republican · Montana See on congress.gov
Taxation Income tax deductionsTax administration and collection, taxpayers
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 2021
Read twice and referred to the Committee on Finance.
Feb 25, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action February 25, 2021

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 1381 Identical bill Main Street Tax Certainty Act
  • S 126 A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 11
All 11 Republican 9
R
Blackburn, Marsha
Tennessee · Sep 20, 2022
 R
Barrasso, John
Wyoming · Sep 28, 2021
 R
Lummis, Cynthia M.
Wyoming · Jun 10, 2021
 R
Paul, Rand
Kentucky · May 24, 2021
Burr, Richard
· Apr 28, 2021
 R
Wicker, Roger F.
Mississippi · Apr 28, 2021
 R
Rounds, Mike
South Dakota · Apr 14, 2021
Blunt, Roy
· Mar 16, 2021
 R
Kennedy, John
Louisiana · Mar 16, 2021
 R
Cassidy, Bill
Louisiana · Feb 25, 2021
 R
Scott, Tim
South Carolina · Feb 25, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 480: Main Street Tax Certainty Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-480/
MLA
"S. 480: Main Street Tax Certainty Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-480/.
Bluebook (legal)
S. 480, 117th Cong. (2026), https://openamerica.io/bill/117-S-480/.
Markdown link
[S. 480: Main Street Tax Certainty Act](https://openamerica.io/bill/117-S-480/)
Report a problem