Joint Trades Support Letter to S 1706 Main Street Tax Certainty Act Sponsors

Issue Date: July 06, 2023

US S 1706 - Main Street Tax Certainty Act

On July 6 NAR signed on to a letter to Senator Daines and Congressman Smucker. The business groups represented in the letter expressed strong support the introduction of the Main Street Tax Certainty Act of 2023, legislation to make permanent the 20-percent deduction for small- and individually-owned businesses (Section 199A). Senator Daines' and Congressman Smucker's legislation would provide certainty to the millions of S corporations, partnerships and sole proprietorships that rely on the Section 199A deduction to remain competitive both here and overseas.