Code · BILL · 113th Congress · H.R. 1 (Introduced in House) — To amend the Internal Revenue Code of 1986 to provide for comprehensive tax reform. · Sec. 3704

Sec. 3704. Modification of limitation on earnings stripping

51 words·~1 min read·/bill/113/hr/1/ih/section-3704

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 163(j)(2)(B)(i)(II) is amended by striking 50 percent and inserting 40 percent . Section 163(j)(2)(B)(ii) is amended by striking for any taxable year and inserting for any taxable year beginning before January 1, 2015 . The amendment made by this section shall apply to taxable years beginning after December 31, 2014.