Us Congress 2025-2026 Regular Session

Us Congress House Bill HB703 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 703
5	5	To amend the Internal Revenue Code of 1986 to make permanent the
6	6	deduction for qualified business income.
7	7	IN THE HOUSE OF REPRESENTATIVES
8	8	JANUARY23, 2025
9	9	Mr. S
10	10	MUCKER(for himself, Mr. KELLYof Pennsylvania, Mr. LAHOOD, Ms.
11	11	V
12	12	ANDUYNE, Mr. BUCHANAN, Mrs. MILLERof West Virginia, Mr.
13	13	F
14	14	EENSTRA, Mr. MURPHY, Mr. STAUBER, Mr. JOYCEof Pennsylvania,
15	15	Mr. B
16	16	OST, Mr. CRENSHAW, Mr. MEUSER, Mr. ELLZEY, Mr. WEBERof
17	17	Texas, Ms. S
18	18	ALAZAR, Mr. CLYDE, Mr. FITZGERALD, Mr. ROUZER, Mrs.
19	19	C
20	20	AMMACK, Mr. FINSTAD, Mr. CARTERof Georgia, Mr. CISCOMANI, Mr.
21	21	C
22	22	LINE, Mr. FONG, Mr. SMITHof Nebraska, Mr. RULLI, Mr.
23	23	M
24	24	OOLENAAR, Ms. FOXX, Mr. LAWLER, Mr. GREENof Tennessee, Mr.
25	25	R
26	26	OGERSof Kentucky, Mrs. BICE, Mr. STRONG, Mr. GUEST, Mr. HUD-
27	27	SON, Mr. KEAN, Mr. ROGERSof Alabama, Mr. NUNNof Iowa, Mr.
28	28	M
29	29	ORAN, Mr. FALLON, Mr. EDWARDS, Mr. MOOREof West Virginia, Mr.
30	30	R
31	31	UTHERFORD, Mr. HERNof Oklahoma, Mr. ESTES, Mr. GOTTHEIMER,
32	32	Mr. M
33	33	OOREof Utah, Mr. KUSTOFF, Mr. GROTHMAN, Mr. VANORDEN,
34	34	Mr. F
35	35	ITZPATRICK, Mr. BAIRD, Mr. FLEISCHMANN, Mr. CAREY, Mr.
36	36	G
37	37	RIFFITH, Mr. SESSIONS, Mr. WEBSTERof Florida, Mrs. KIM, Mr.
38	38	L
39	39	ALOTA, Mr. WILSONof South Carolina, Mr. ZINKE, Mrs. WAGNER, Mr.
40	40	A
41	41	USTINSCOTTof Georgia, Mr. ALFORD, Mr. FULCHER, Mr.
42	42	B
43	43	ALDERSON, Mr. KILEYof California, Mr. GARBARINO, Mr. BARRETT,
44	44	Mr. M
45	45	OOREof Alabama, Mr. GRAVES, Mr. MILLERof Ohio, Mr. VAN
46	46	D
47	47	REW, Mr. EZELL, Mrs. HARSHBARGER, Ms. MALOY, Ms. LETLOW, Mrs.
48	48	H
49	49	INSON, Mrs. KIGGANSof Virginia, Mr. BACON, Mr. BEGICH, Mr.
50	50	V
51	51	ALADAO, Mr. WALBERG, Mr. KELLYof Mississippi, Mr. COLLINS, Mr.
52	52	L
53	53	ANGWORTHY, Mr. SCOTTFRANKLINof Florida, Mr. BILIRAKIS, Mr.
54	54	H
55	55	UIZENGA, Mr. ALLEN, Mr. BERGMAN, Mr. HIGGINSof Louisiana, Mr.
56	56	A
57	57	MODEIof Nevada, Mr. THOMPSONof Pennsylvania, Mr. OWENS, Mr.
58	58	S
59	59	TEIL, Mr. GUTHRIE, Mr. BARR, Mr. CALVERT, Mr. WITTMAN, Mr.
60	60	B
61	61	URCHETT, Mr. NEWHOUSE, Ms. MACE, Mr. MACKENZIE, Mrs.
62	62	H
63	63	OUCHIN, Mr. WILLIAMSof Texas, Ms. TENNEY, Mrs. FISCHBACH, Ms.
64	64	H
65	65	AGEMAN, Mr. STEUBE, Mr. GILLof Texas, Mr. SCHMIDT, Ms. DELA
66	66	C
67	67	RUZ, Mr. MCCORMICK, Mr. MCDOWELL, Mr. BRESNAHAN, Mrs. MIL-
68	68	LER-MEEKS, Mr. LOUDERMILK, Mr. YAKYM, Mr. GOODEN, Mr. JOHNSON
69	69	of South Dakota, Ms. M
70	70	ALLIOTAKIS, Mr. PERRY, Mr. BURLISON, Mr.
71	71	A
72	72	RRINGTON, Mr. BEANof Florida, Mr. TIMMONS, Mrs. MILLERof Illi-
73	73	VerDate Sep 11 2014 17:03 Feb 20, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6652 E:\BILLS\H703.IH H703
74	74	ssavage on LAPJG3WLY3PROD with BILLS 2
75	75	•HR 703 IH
76	76	nois, Mr. LAMALFA, Mr. MCCAUL, Mr. WIED, Ms. GREENEof Georgia,
77	77	Mr. D
78	78	OWNING, Mr. CRANK, Mr. GIMENEZ, Mr. DAVIDSON, Mr. LUCAS,
79	79	Mr. T
80	80	AYLOR, Mr. MOOREof North Carolina, Mr. LUTTRELL, Mr.
81	81	S
82	82	CHWEIKERT, Mr. COMER, Mr. EMMER, Mr. JOYCEof Ohio, Mr. JACK,
83	83	Mr. S
84	84	TUTZMAN, Mr. CUELLAR, Mr. RESCHENTHALER, Mr. FRY, Mr.
85	85	C
86	86	OLE, Mr. HILLof Arkansas, Mr. JACKSONof Texas, Mr. MILLS, and
87	87	Mr. M
88	88	CGUIRE) introduced the following bill; which was referred to the
89	89	Committee on Ways and Means A BILL
90	90	To amend the Internal Revenue Code of 1986 to make
91	91	permanent the deduction for qualified business income.
92	92	Be it enacted by the Senate and House of Representa-1
93	93	tives of the United States of America in Congress assembled, 2
94	94	SECTION 1. SHORT TITLE. 3
95	95	This Act may be cited as the ‘‘Main Street Tax Cer-4
96	96	tainty Act’’. 5
97	97	SEC. 2. DEDUCTION FOR QUALIFIED BUSINESS INCOME 6
98	98	MADE PERMANENT. 7
99	99	(a) I
100	100	NGENERAL.—Section 199A of the Internal Rev-8
101	101	enue Code of 1986 is amended by striking subsection (i). 9
102	102	(b) E
103	103	FFECTIVEDATE.—The amendment made by 10
104	104	this section shall apply to taxable years beginning after 11
105	105	December 31, 2025. 12
106	106	Æ
107	107	VerDate Sep 11 2014 17:03 Feb 20, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H703.IH H703
108	108	ssavage on LAPJG3WLY3PROD with BILLS