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H.R. 6277House115th Congress (2017-2019)In Committee

Main Street Tax Certainty Act

Sponsored by Mike BishopRep. Mike Bishop (R-MI)
Introduced June 28, 2018

AI-Generated Summary

Updated April 15, 2026 at 10:46 PM UTC

The Main Street Tax Certainty Act would make the qualified‑business‑income (QBI) deduction permanent. The deduction, created by Section 199A of the tax code, currently expires after a set period. By removing the expiration language, the bill would let small businesses, sole proprietors, partnerships and S‑corporations continue to deduct up to 20% of their qualified business income. This change would affect any taxpayer who currently claims the QBI deduction.

Key Provisions

  • Amends Section 199A of the Internal Revenue Code by striking the subsection that sets an expiration date, thereby making the QBI deduction permanent.

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

June 28, 2018

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HouseIntro Referral

Introduced in House

June 28, 2018

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

June 28, 2018

Bill Text

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Introduced in HouseIssued June 28, 2018

I

115th CONGRESS

2d Session

H. R. 6277

IN THE HOUSE OF REPRESENTATIVES

June 28, 2018

Mr. Bishop of Michigan (for himself and Mr. Paulsen) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

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

1.

Short title

This Act may be cited as the Main Street Tax Certainty Act.

2.

Deduction for qualified business income made permanent

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