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S 1706 118th Congress Senate Taxation

Main Street Tax Certainty Act

Introduced: September 9, 2024 Introduced by: Daines, Steve Republican · Montana See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
May 18, 2023
Read twice and referred to the Committee on Finance.
May 18, 2023
Introduced in Senate
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 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.

What's happening now May 18, 2023

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 4721 Identical bill Main Street Tax Certainty Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 10

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

See all 10 filings →
 Cosponsors 32
All 32 Republican 32
R
Hoeven, John
North Dakota · Sep 9, 2024
 R
Rounds, Mike
South Dakota · Jul 30, 2024
 R
Tuberville, Tommy
Alabama · Mar 7, 2024
 R
Ernst, Joni
Iowa · Jan 24, 2024
 R
Graham, Lindsey
South Carolina · Nov 9, 2023
 R
Sullivan, Dan
Alaska · Nov 6, 2023
 R
Fischer, Deb
Nebraska · Nov 1, 2023
 R
Hyde-Smith, Cindy
Mississippi · Oct 31, 2023
 R
Boozman, John
Arkansas · Oct 16, 2023
 R
Cotton, Tom
Arkansas · Oct 4, 2023
 R
Scott, Rick
Florida · Sep 20, 2023
 R
Paul, Rand
Kentucky · Sep 14, 2023
 R
Schmitt, Eric
Missouri · Sep 12, 2023
 R
Ricketts, Pete
Nebraska · Sep 6, 2023
 R
Kennedy, John
Louisiana · Jul 27, 2023
 R
Lee, Mike
Utah · Jun 14, 2023
 R
Moran, Jerry
Kansas · Jun 14, 2023
 R
Budd, Ted
North Carolina · Jun 6, 2023
 R
Lummis, Cynthia M.
Wyoming · May 30, 2023
 R
Barrasso, John
Wyoming · May 18, 2023
 R
Blackburn, Marsha
Tennessee · May 18, 2023
 R
Britt, Katie Boyd
Alabama · May 18, 2023
 R
Cassidy, Bill
Louisiana · May 18, 2023
 R
Cramer, Kevin
North Dakota · May 18, 2023
 R
Cruz, Ted
Texas · May 18, 2023
 R
Grassley, Chuck
Iowa · May 18, 2023
 R
Hagerty, Bill
Tennessee · May 18, 2023
 R
Marshall, Roger
Kansas · May 18, 2023
 R
Risch, James E.
Idaho · May 18, 2023
 R
Scott, Tim
South Carolina · May 18, 2023
 R
Tillis, Thomas
North Carolina · May 18, 2023
 R
Wicker, Roger F.
Mississippi · May 18, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1706: Main Street Tax Certainty Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-1706/
MLA
"S. 1706: Main Street Tax Certainty Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1706/.
Bluebook (legal)
S. 1706, 118th Cong. (2026), https://openamerica.io/bill/118-S-1706/.
Markdown link
[S. 1706: Main Street Tax Certainty Act](https://openamerica.io/bill/118-S-1706/)
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