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.
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Read twice and referred to the Committee on Finance.
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.
- Introduced in Senate Formatted Text PDF Formatted XML
- AMRIZE NORTH AMERICA INC.
- NATIONAL ASSOCIATION OF REALTORS
- NEW VENTURE FUND
- AMERICAN HOTEL & LODGING ASSOCIATION
- SCHOENING STRATEGIES, LLC
- SCHOENING STRATEGIES, LLC
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Labor, Dept of (DOL)
- White House Office
- Treasury, Dept of
- U.S. Trade Representative (USTR)
- Transportation, Dept of (DOT)
- Environmental Protection Agency (EPA)
Cite this page
U.S. Congress. (2026). S. 213: Main Street Tax Certainty Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-213/
"S. 213: Main Street Tax Certainty Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-213/.
S. 213, 119th Cong. (2026), https://openamerica.io/bill/119-S-213/.
[S. 213: Main Street Tax Certainty Act](https://openamerica.io/bill/119-S-213/)