Code · BILL · 116th Congress · H.R. 6800 (Placed on Calendar Senate) — Making emergency supplemental appropriations for the fiscal year ending September 30, 2020, and for other purposes. · Sec. 20124

Sec. 20124. Elimination of disqualified investment income test

106 words·~1 min read·/bill/116/hr/6800/pcs/section-20124

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Section 32 of the Internal Revenue Code of 1986 is amended by striking subsection (i). Section 32(j)(1) of such Code is amended by striking subsections (b)(2) and (i)(1) and inserting subsection (b)(2) . Section 32(j)(1)(B)(i) of such Code is amended by striking subsections (b)(2)(A) and (i)(1) and inserting subsection (b)(2)(A) . Section 32(j)(2) of such Code is amended— by striking subparagraph (B), and by striking and all that follows through Rounding.— If any dollar amount and inserting the following: . Rounding.— If any dollar amount The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.