To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill expands IRC Section 199A qualified business income deduction sunset clause removal. It relies on tax deductions. The main policy areas are Finance and Taxation.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands IRC Section 199A qualified business income deduction sunset clause removal.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands IRC Section 199A qualified business income deduction sunset clause removal.
Key Policy Areas
Finance, Taxation
Primary Purpose
The bill expands IRC Section 199A qualified business income deduction sunset clause removal.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Smucker (for himself, Mr. Kelly of Pennsylvania, Mr. LaHood, …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Professional service firms (law, accounting, consulting), Tax advisory and preparation firms
Pass-through business owners (sole proprietors, partnerships, S corporations)
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "Internal Revenue Service"
- → Administers the permanent QBI deduction
Key Definitions
Terms defined in this bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology