S. 213, known as the "Main Street Tax Certainty Act," aims to amend the Internal Revenue Code of 1986. This bill intends to make permanent the deduction for qualified business income by removing subsection (i) from Section 199A of the Code. The bill was introduced in the...
S. 213 is a bill that wants to make a tax rule last forever, so small businesses can keep saving money on their taxes.
H.R. 703, also known as the "Main Street Tax Certainty Act," aims to make permanent a tax deduction for qualified business income. Specifically, the bill proposes to amend Section 199A of the Internal Revenue Code of 1986 by removing a portion that would have otherwise led to...
H.R. 703 wants to change the rules so that small businesses can keep getting a special tax break every year, without it disappearing; this means they can keep more money that they earn for a longer time.
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