The changes reach property acquired after January 19, 2025
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70301, Sec. 70301.
Written by .
The changes reach property acquired after January 19, 2025
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70301 in the PDF
What the document says
“Except as otherwise provided in this subsection, the amendments made by this section shall apply to property acquired after January 19, 2025.”
The section applies its amendments to property acquired after January 19, 2025, applies them to specified plants planted or grafted after that date, and applies the transitional election to taxable years ending after that date.
What the document actually says
“Except as otherwise provided in this subsection, the amendments made by this section shall apply to property acquired after January 19, 2025.”
That sentence, in plain words
The changes reach property bought after January 19, 2025. Some parts of the section are treated apart.
What this is about
Plants count from the day they are planted or grafted. The choice of a lower rate runs by tax year. All three dates are the same.
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. 70301, 139 Stat. 188 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The changes reach property acquired after January 19, 2025,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70301, Sec. 70301. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70301-effective-date/ (retrieved October 10, 2026).
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