A phaseout rate is changed from 25 percent to 50 percent
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70107, Sec. 70107.
Written by .
A phaseout rate is changed from 25 percent to 50 percent
The document says “is amended”Who acts: Secretary of the TreasuryHow: statuteSec. 70107 in the PDF
What the document says
“by substituting `50 percent' for `25 percent', and”
The section adds a new subclause (IV) to section 55(d)(4)(A)(ii) of the Internal Revenue Code of 1986 substituting 50 percent for 25 percent, and strikes the word and at the end of subclause (II).
What the document actually says
“by substituting `50 percent' for `25 percent', and”
That sentence, in plain words
A rate of 50 percent takes the place of one at 25 percent.
What this is about
The rate governs how fast the exemption fades. A higher rate means it fades faster. What it fades against is not recorded here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70107, 139 Stat. 162 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“A phaseout rate is changed from 25 percent to 50 percent,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70107, Sec. 70107. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70107-phaseout/ (retrieved October 10, 2026).
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