Modification of deduction for foreign-derived deduction eligible income and net CFC tested income
Title VII — Finance › Subtitle A — Tax › Chapter 3 — Establishing certainty and competitiveness for American job creators › Part II — Foreign-derived deduction eligible income and net CFC tested income
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2 numbers changed from On the Senate calendar to Senate changes: 36.5 percent → 33.34 percent, 49.2 percent → 40 percent.
How the text changed
(a) In general Section 250(a) is amended— (1) by striking 37.5 percent in paragraph (1)(A) and inserting 36.5 percent, (2) by striking 50 percent in paragraph (1)(B) and inserting 49.2 percent, and (3) by striking paragraph (3). (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025.
(a) In general Section 250(a) is amended— (1) by striking 37.5 percent in paragraph (1)(A) and inserting 33.34 percent, (2) by striking 50 percent in paragraph (1)(B) and inserting 40 percent, and (3) by striking paragraph (3). (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025.
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