S. 480 - Main Street Tax Certainty Act

117TH CONGRESS
1ST SESSION

S. 480

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

IN THE SENATE OF THE UNITED STATES

FEBRUARY 25, 2021

Mr. DAINES (for himself, Mr. CASSIDY, Mr. SCOTT of South Carolina,
and Mr. PORTMAN) introduced the following bill; which was read
twice and referred to the Committee on _____

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.

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