The main purpose of this legislation, known as the Tools Tax Deduction Act, is to allow employees to deduct certain expenses related to their work from their taxable income. This aims to provide financial relief for workers who incur costs for tools and equipment necessary for their jobs. Key provisions of the act include two main types of deductions. First, it introduces an "above-the-line" deduction for expenses related to construction tools, personal protective clothing, and other necessary items for employees.