Repeal of modification to definition of adjusted taxable income for purposes of the limitation on business interest

(a) In general Section 163(j)(8)(A) of the Internal Revenue Code of 1986, as amended by Public Law 119–21, is amended by inserting and at the end of clause (iv) and by striking clause (vi). (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2025.