Sec. 3306. Repeal of deduction for income attributable to domestic production activities

158 words·~1 min read·/bill/115/hr/1/pcs/section-3306

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

Part VI of subchapter B of chapter 1 is amended by striking section 199 (and by striking the item relating to such section in the table of sections for such part). Sections 74(d)(2)(B), 86(b)(2)(A), 137(b)(3)(A), 219(g)(3)(A)(ii), and 246(b)(1) are each amended by striking 199, . Section 170(b)(2)(D), as amended by the preceding provisions of this Act, is amended by striking clause (iv), by redesignating clause

(v)as clause (iv), and by inserting and at the end of clause (iii). Section 172(d) is amended by striking paragraph (7). Section 613(a) is amended by striking and without the deduction under section 199 . Section 613A(d)(1) is amended by striking subparagraph

(B)and by redesignating subparagraphs (C), (D), and

(E)as subparagraphs (B), (C), and (D), respectively. Section 1402(a) is amended by adding and at the end of paragraph

(15)and by striking paragraph (16). The amendments made by this section shall apply to taxable years beginning after December 31, 2017.