Code · BILL · 116th Congress · H.R. 2 (Engrossed in House) — To authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes. · Sec. 90301

Sec. 90301. Increase in rehabilitation credit

92 words·~1 min read·/bill/116/hr/2/eh/section-90301

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

Section 47(a)(2) is amended by striking 20 percent and inserting the applicable percentage . Section 47(a) is amended by adding at the end the following new paragraph: For purposes of this subsection, the term applicable percentage means the percentage determined in accordance with the following table: In the case of a taxable year The applicable beginning in: percentage is: 2020 through 2024 30 percent 2025 26 percent 2026 23 percent 2027 and thereafter 20 percent . The amendments made by this section shall apply to taxable years beginning after December 31, 2019.