H.R. 1381: Main Street Tax Certainty Act

117th Congress · introduced 2021-02-25 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

Where it came from: introduced 2021-02-25 · official record
Who proposed it: Rep. Smith, Jason [R-MO-8] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Ways and Means. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Main Street Tax Certainty Act

Plain summary

Main Street Tax Certainty Act This bill makes permanent the tax deduction for qualified business income. (Under current law, the deduction expires after December 31, 2025.) Qualified business income is defined as the net amount of qualified items of income, gain, deduction and loss with respect to any trade or business, excluding capital gains or losses, dividends, interest income, or income earned outside the U.S.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Main Street Tax Certainty Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Smith, Jason [R-MO-8] · 99 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Henry Cuellar (D-TX), Josh Gottheimer (D-NJ), Tim Burchett (R-TN), Ashley Hinson (R-IA), Jodey C. Arrington (R-TX), Guy Reschenthaler (R-PA), Scott Perry (R-PA), Michael Guest (R-MS), Michael R. Turner (R-OH), Don Bacon (R-NE), Tom Cole (R-OK), Ronny Jackson (R-TX), James Comer (R-KY), Ted Budd (R-NC), Mike Rogers (R-AL), Daniel Meuser (R-PA), Eric A. "Rick" Crawford (R-AR), Kevin Hern (R-OK), David Kustoff (R-TN), Diana Harshbarger (R-TN), Lisa C. McClain (R-MI), Ben Cline (R-VA), Adrian Smith (R-NE), Lloyd Smucker (R-PA), Andrew R. Garbarino (R-NY), Ron Estes (R-KS), James R. Baird (R-IN), Rick W. Allen (R-GA), Ralph Norman (R-SC), Scott DesJarlais (R-TN), Barry Moore (R-AL), Elise M. Stefanik (R-NY), John R. Curtis (R-UT), Randy Feenstra (R-IA), Cliff Bentz (R-OR), Robert E. Latta (R-OH), John H. Rutherford (R-FL), Darin LaHood (R-IL), Stephanie I. Bice (R-OK), John R. Moolenaar (R-MI), Nancy Mace (R-SC) and 39 more.

Sponsor's campaign money: Rep. Smith, Jason [R-MO-8] reported raising $6.3 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Capital gains: The profit from selling something you own, such as stock or real estate, for more than you paid. A capital gains tax is a tax on that profit.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr1381.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr1381 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117