Code · BILL · 119th Congress · H.R. 1 (Placed on Calendar Senate) — To provide for reconciliation pursuant to title II of H. Con. Res. 14. · Sec. 111004

Sec. 111004. Extension of deduction for foreign-derived intangible income and global intangible low-taxed income

49 words·~1 min read·/bill/119/hr/1/pcs/section-111004

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Section 250(a) is amended— by striking 37.5 percent in paragraph (1)(A) and inserting 36.5 percent , by striking 50 percent in paragraph (1)(B) and inserting 49.2 percent , and by striking paragraph (3). The amendments made by this section shall apply to taxable years beginning after December 31, 2025.