Congressman Lloyd Smucker (R-PA) recently reintroduced the Main Street Tax Certainty Act in the House. You might have seen that Senator Steve Daines (R-MT) already reintroduced the bill in the Senate. This important legislation would make the 20 percent 199A deduction of Qualified Business Income for small businesses structured as 's-corporations' or 'pass-through entities' permanent. 199A provides greater tax parity between small businesses and typically larger 'c-corporations.' The deduction is currently set to expire at the end of 2025.
Please take a moment to participate in ACCA's Main Street Tax Certainty Act Action Alert to let your elected officials in Congress know why they should support the bill.
If you have questions about the Main Street Tax Certainty Act or any of ACCA's advocacy efforts, email Chris Czarnecki, ACCA's director of government relations & advocacy, at email@example.com or call 703-575-4477.