Skip to main content
HR 703 119th Congress House Taxation

Main Street Tax Certainty Act

Introduced: January 23, 2025 Introduced by: Smucker, Lloyd Republican · Pennsylvania See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 23, 2025
Referred to the House Committee on Ways and Means.
Jan 23, 2025
Introduced in House
 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.

 Plain-English summary Congressional Research Service

Main Street Tax Certainty Act

This bill makes permanent the qualified business income (QBI) tax deduction.

Under current law, individuals, estates, and trusts may deduct the lower of (1) 20% of QBI from a qualified business, qualified real estate investment trust dividends, and qualified publicly traded partnership income; or (2) 20% of taxable income less net capital gain. (Some limitations apply.)

However, under current law, the QBI tax deduction expires after December 31, 2025.

What's happening now January 23, 2025

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 237

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

See all 237 filings →
 Cosponsors 192
All 192 Democratic 3 Republican 188 Independent 1
D
Bishop, Sanford D.
Georgia · Aug 15, 2025
 R
Hunt, Wesley
Texas · Jun 9, 2025
 R
Jordan, Jim
Ohio · Jun 3, 2025
 R
James, John
Michigan · May 21, 2025
 R
Biggs, Andy
Arizona · May 15, 2025
 R
Gonzales, Tony
Texas · May 5, 2025
 R
DesJarlais, Scott
Tennessee · Apr 28, 2025
 R
Knott, Brad
North Carolina · Apr 28, 2025
 R
Biggs, Sheri
South Carolina · Apr 9, 2025
 R
Norman, Ralph
South Carolina · Apr 8, 2025
 R
Stefanik, Elise M.
New York · Apr 7, 2025
 R
Baumgartner, Michael
Washington · Mar 26, 2025
 R
Harris, Andy
Maryland · Mar 26, 2025
 R
Tiffany, Thomas P.
Wisconsin · Mar 26, 2025
 R
Hurd, Jeff
Colorado · Mar 21, 2025
 R
Harrigan, Pat
North Carolina · Mar 4, 2025
 R
Evans, Gabe
Colorado · Feb 25, 2025
 R
Dunn, Neal P.
Florida · Feb 21, 2025
 R
Onder, Robert F.
Missouri · Feb 21, 2025
 R
Shreve, Jefferson
Indiana · Feb 21, 2025
 R
Aderholt, Robert B.
Alabama · Feb 14, 2025
 R
Mann, Tracey
Kansas · Feb 14, 2025
 R
Simpson, Michael K.
Idaho · Feb 14, 2025
 R
Latta, Robert E.
Ohio · Feb 11, 2025
 R
Goldman, Craig A.
Texas · Feb 10, 2025
 R
Pfluger, August
Texas · Feb 6, 2025
 R
Flood, Mike
Nebraska · Feb 4, 2025
 R
Lee, Laurel M.
Florida · Feb 4, 2025
 R
Messmer, Mark B.
Indiana · Feb 4, 2025
 R
Obernolte, Jay
California · Feb 4, 2025
 R
Ogles, Andrew
Tennessee · Feb 4, 2025
 R
Palmer, Gary J.
Alabama · Feb 4, 2025
 R
Rose, John W.
Tennessee · Feb 4, 2025
 R
Self, Keith
Texas · Feb 4, 2025
 R
Turner, Michael R.
Ohio · Feb 4, 2025
 R
Westerman, Bruce
Arkansas · Feb 4, 2025
 R
Womack, Steve
Arkansas · Feb 4, 2025
 R
Fedorchak, Julie
North Dakota · Jan 24, 2025
 R
Alford, Mark
Missouri · Jan 23, 2025
 R
Allen, Rick W.
Georgia · Jan 23, 2025
 R
Amodei, Mark E.
Nevada · Jan 23, 2025
 R
Arrington, Jodey C.
Texas · Jan 23, 2025
 R
Bacon, Don
Nebraska · Jan 23, 2025
 R
Baird, James R.
Indiana · Jan 23, 2025
 R
Balderson, Troy
Ohio · Jan 23, 2025
 R
Barr, Andy
Kentucky · Jan 23, 2025
 R
Barrett, Tom
Michigan · Jan 23, 2025
 R
Bean, Aaron
Florida · Jan 23, 2025
 R
Begich, Nicholas J.
Alaska · Jan 23, 2025
 R
Bergman, Jack
Michigan · Jan 23, 2025
Page 1 of 4 Next
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 703: Main Street Tax Certainty Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-703/
MLA
"H.R. 703: Main Street Tax Certainty Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-703/.
Bluebook (legal)
H.R. 703, 119th Cong. (2026), https://openamerica.io/bill/119-HR-703/.
Markdown link
[H.R. 703: Main Street Tax Certainty Act](https://openamerica.io/bill/119-HR-703/)
Report a problem