“Section 199A(e)(1) is amended by inserting "without regard to section 68 and" after "shall be computed".”
The section inserts the words without regard to section 68 and into section 199A(e)(1) of the Internal Revenue Code of 1986, and inserts the words section 68 or into section 199A(g)(2)(B) for patrons of specified agricultural and horticultural cooperatives.
What the document actually says
“Section 199A(e)(1) is amended by inserting "without regard to section 68 and" after "shall be computed".”
That sentence, in plain words
New words are put into a rule on business income. They tell the reader to leave out the new limit.
What this is about
So the new cut does not shrink that deduction. A matching change is made for farm co-op members. The tax code is not indexed 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. 70111, 139 Stat. 164 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The limitation does not reach the qualified business income deduction,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70111, Sec. 70111. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70111-qbi-carveout/ (retrieved October 10, 2026).
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