Code · BILL · 119th Congress · H.R. 1 (Enrolled) — To provide for reconciliation pursuant to title II of H. Con. Res. 14. · Sec. 70321

Sec. 70321. Modification of deduction for foreign-derived deduction eligible income and net CFC tested income

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Section 250(a) is amended— by striking 37.5 percent in paragraph (1)(A) and inserting 33.34 percent , by striking 50 percent in paragraph (1)(B) and inserting 40 percent , and by striking paragraph (3). The amendments made by this section shall apply to taxable years beginning after December 31, 2025.