To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70118, Sec. 70118.
Written by .
The changes take effect on January 1, 2026
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70118 in the PDF
What the document says
“The amendments made by this section shall take effect on January 1, 2026.”
The section provides that its amendments take effect on January 1, 2026.
What the document actually says
“The amendments made by this section shall take effect on January 1, 2026.”
That sentence, in plain words
The changes start on January 1, 2026.
What this is about
Nothing before that date is touched. The old rules still hold up to then. The date is fixed in the law.
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