United States 119th Congress Status: In Committee Bipartisan · 189 R · 3 D · 1 I cosponsors

HR 703 — Main Street Tax Certainty Act

Last action — Referred to the House Committee on Ways and Means.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced January 23, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 193 sponsors

    1 primary, 192 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 3 parties (189 R · 3 D · 1 I) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

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.

Bill Text

How this bill changes current law

1 change Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill makes the qualified business income deduction permanent by removing its scheduled expiration.

  • Section 199A

    subsection (i)

    This change removes the expiration date for the qualified business income deduction, making it a permanent provision.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

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1 sponsors · 192 co-sponsors · 354 not signed on

Sponsors (1)

Co-sponsors (192)

Not signed on (354)

354 members have not signed on to this bill.

Show all 354 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

What does HR 703 do?
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.
Who sponsors HR 703?
HR 703 is sponsored by Smucker, Lloyd (Republican), Kelly, Mike (Republican), LaHood, Darin (Republican), Van Duyne, Beth (Republican), Buchanan, Vern (Republican), Miller, Carol D. (Republican), Feenstra, Randy (Republican), Murphy, Gregory F. (Republican), Stauber, Pete (Republican), Joyce, John (Republican), Bost, Mike (Republican), Crenshaw, Dan (Republican), Meuser, Daniel (Republican), Ellzey, Jake (Republican), Weber, Randy K. Sr. (Republican), Salazar, Maria Elvira (Republican), Clyde, Andrew S. (Republican), Fitzgerald, Scott (Republican), Rouzer, David (Republican), Cammack, Kat (Republican), Finstad, Brad (Republican), Carter, Earl L. "Buddy" (Republican), Ciscomani, Juan (Republican), Cline, Ben (Republican), Fong, Vince (Republican), Smith, Adrian (Republican), Rulli, Michael A. (Republican), Moolenaar, John R. (Republican), Foxx, Virginia (Republican), Lawler, Michael (Republican), Green, Mark E. (Republican), Rogers, Harold (Republican), Bice, Stephanie I. (Republican), Strong, Dale W. (Republican), Guest, Michael (Republican), Hudson, Richard (Republican), Kean, Thomas H. (Republican), Rogers, Mike D. (Republican), Nunn, Zachary (Republican), Moran, Nathaniel (Republican), Fallon, Pat (Republican), Edwards, Chuck (Republican), Moore, Riley M. (Republican), Rutherford, John H. (Republican), Hern, Kevin (Republican), Estes, Ron (Republican), Gottheimer, Josh (Democratic), Moore, Blake D. (Republican), Kustoff, David (Republican), Grothman, Glenn (Republican), Van Orden, Derrick (Republican), Fitzpatrick, Brian K. (Republican), Baird, James R. (Republican), Fleischmann, Charles J. "Chuck" (Republican), Carey, Mike (Republican), Griffith, H. Morgan (Republican), Sessions, Pete (Republican), Webster, Daniel (Republican), Kim, Young (Republican), LaLota, Nick (Republican), Wilson, Joe (Republican), Zinke, Ryan K. (Republican), Wagner, Ann (Republican), Scott, Austin (Republican), Alford, Mark (Republican), Fulcher, Russ (Republican), Balderson, Troy (Republican), Kiley, Kevin (Independent), Garbarino, Andrew R. (Republican), Barrett, Tom (Republican), Moore, Barry (Republican), Graves, Sam (Republican), Miller, Max L. (Republican), Van Drew, Jefferson (Republican), Ezell, Mike (Republican), Harshbarger, Diana (Republican), Maloy, Celeste (Republican), Letlow, Julia (Republican), Hinson, Ashley (Republican), Kiggans, Jennifer A. (Republican), Bacon, Don (Republican), Begich, Nicholas J. (Republican), Valadao, David G. (Republican), Walberg, Tim (Republican), Kelly, Trent (Republican), Collins, Mike (Republican), Langworthy, Nicholas A. (Republican), Franklin, Scott (Republican), Bilirakis, Gus M. (Republican), Huizenga, Bill (Republican), Allen, Rick W. (Republican), Bergman, Jack (Republican), Higgins, Clay (Republican), Amodei, Mark E. (Republican), Thompson, Glenn (Republican), Owens, Burgess (Republican), Steil, Bryan (Republican), Guthrie, Brett (Republican), Barr, Andy (Republican), Calvert, Ken (Republican), Wittman, Robert J. (Republican), Burchett, Tim (Republican), Newhouse, Dan (Republican), Mace, Nancy (Republican), Mackenzie, Ryan (Republican), Houchin, Erin (Republican), Williams, Roger (Republican), Tenney, Claudia (Republican), Fischbach, Michelle (Republican), Hageman, Harriet M. (Republican), Steube, W. Gregory (Republican), Gill, Brandon (Republican), Schmidt, Derek (Republican), De La Cruz, Monica (Republican), McCormick, Richard (Republican), McDowell, Addison P. (Republican), Bresnahan, Robert P. (Republican), Miller-Meeks, Mariannette (Republican), Loudermilk, Barry (Republican), Yakym, Rudy (Republican), Gooden, Lance (Republican), Johnson, Dusty (Republican), Malliotakis, Nicole (Republican), Perry, Scott (Republican), Burlison, Eric (Republican), Arrington, Jodey C. (Republican), Bean, Aaron (Republican), Timmons, William R. (Republican), Miller, Mary E. (Republican), LaMalfa, Doug (Republican), McCaul, Michael T. (Republican), Wied, Tony (Republican), Greene, Marjorie Taylor (Republican), Downing, Troy (Republican), Crank, Jeff (Republican), Gimenez, Carlos A. (Republican), Davidson, Warren (Republican), Lucas, Frank D. (Republican), Taylor, David J. (Republican), Moore, Tim (Republican), Luttrell, Morgan (Republican), Schweikert, David (Republican), Comer, James (Republican), Emmer, Tom (Republican), Joyce, David P. (Republican), Jack, Brian (Republican), Stutzman, Marlin A. (Republican), Cuellar, Henry (Democratic), Reschenthaler, Guy (Republican), Fry, Russell (Republican), Cole, Tom (Republican), Hill, J. French (Republican), Jackson, Ronny (Republican), Mills, Cory (Republican), McGuire, John J. (Republican), Fedorchak, Julie (Republican), Ogles, Andrew (Republican), Obernolte, Jay (Republican), Lee, Laurel M. (Republican), Rose, John W. (Republican), Turner, Michael R. (Republican), Self, Keith (Republican), Messmer, Mark B. (Republican), Womack, Steve (Republican), Palmer, Gary J. (Republican), Westerman, Bruce (Republican), Flood, Mike (Republican), Pfluger, August (Republican), Goldman, Craig A. (Republican), Latta, Robert E. (Republican), Mann, Tracey (Republican), Simpson, Michael K. (Republican), Aderholt, Robert B. (Republican), Dunn, Neal P. (Republican), Shreve, Jefferson (Republican), Onder, Robert F. (Republican), Evans, Gabe (Republican), Harrigan, Pat (Republican), Hurd, Jeff (Republican), Tiffany, Thomas P. (Republican), Harris, Andy (Republican), Baumgartner, Michael (Republican), Stefanik, Elise M. (Republican), Norman, Ralph (Republican), Biggs, Sheri (Republican), Knott, Brad (Republican), DesJarlais, Scott (Republican), Gonzales, Tony (Republican), Biggs, Andy (Republican), James, John (Republican), Jordan, Jim (Republican), Hunt, Wesley (Republican), and Bishop, Sanford D. (Democratic).
What is the current status of HR 703?
This bill is in committee in the House. Introduced January 23, 2025. It must pass committee before a floor vote.
Where can I track HR 703?
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