Loading chat...
US SB213
Bill
AI Summary
-
Amends Section 199A of the Internal Revenue Code of 1986 to make the qualified business income (QBI) deduction permanent by striking the sunset provision in subsection (i)
-
The QBI deduction allows pass-through business owners (sole proprietors, partnerships, S corporations) to deduct up to 20% of their qualified business income
-
Currently scheduled to expire after December 31, 2025, under the original Tax Cuts and Jobs Act of 2017
-
Introduced January 23, 2025, by Senator Daines with 38 Republican cosponsors and referred to the Senate Committee on Finance
Legislative Description
Main Street Tax Certainty Act
Taxation
Last Action
Read twice and referred to the Committee on Finance.
1/23/2025
Committee Referrals
Finance1/23/2025
Full Bill Text
No bill text available