S. 213: Main Street Tax Certainty Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-01-23 |
| Sponsor | Sen. Daines, Steve [R-MT] |
| Policy area | Taxation |
| Cosponsors | 20 |
| Latest action | 2025-01-23 — Read twice and referred to the Committee on Finance. |
| Last updated | 2025-05-15 |
Summary
Official summary (Introduced in Senate, 2025-01-23):
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.
Cosponsors (20)
| Name | Party / state |
|---|---|
| Chuck Grassley | R IA (original cosponsor) 2025-01-23 |
| Kevin Cramer | R ND (original cosponsor) 2025-01-23 |
| Jerry Moran | R KS (original cosponsor) 2025-01-23 |
| Marsha Blackburn | R TN (original cosponsor) 2025-01-23 |
| Mike Rounds | R SD (original cosponsor) 2025-01-23 |
| Shelley Moore Capito | R WV (original cosponsor) 2025-01-23 |
| Pete Ricketts | R NE (original cosponsor) 2025-01-23 |
| Katie Boyd Britt | R AL (original cosponsor) 2025-01-23 |
| James E. Risch | R ID (original cosponsor) 2025-01-23 |
| Eric Schmitt | R MO (original cosponsor) 2025-01-23 |
| Roger F. Wicker | R MS (original cosponsor) 2025-01-23 |
| Cynthia M. Lummis | R WY (original cosponsor) 2025-01-23 |
| Cindy Hyde-Smith | R MS (original cosponsor) 2025-01-23 |
| Tommy Tuberville | R AL (original cosponsor) 2025-01-23 |
| Ted Cruz | R TX (original cosponsor) 2025-01-23 |
| James Lankford | R OK (original cosponsor) 2025-01-23 |
| John Hoeven | R ND (original cosponsor) 2025-01-23 |
| Thom Tillis | R NC (original cosponsor) 2025-01-23 |
| Roger Marshall | R KS (original cosponsor) 2025-01-23 |
| James C. Justice | R WV (original cosponsor) 2025-01-23 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 213 are published by Congress on congress.gov.
Frequently asked questions
What is S. 213?
S. 213 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Main Street Tax Certainty Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 213 are available on congress.gov.
Bill data: congress.gov API (official congressional records).