The inflation base year for the two figures moves to 2025
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70306, Sec. 70306.
Written by .
The inflation base year for the two figures moves to 2025
The document says “is amended”Who acts: Secretary of the TreasuryHow: statuteSec. 70306 in the PDF
What the document says
“by inserting "(2025 in the case of the dollar amounts in paragraphs (1) and (2))" after "In the case of any taxable year beginning after 2018", and”
The section amends section 179(b)(6)(A) of the Internal Revenue Code of 1986 so that the two raised figures start their inflation adjustment from a taxable year beginning after 2025, and so that calendar year 2024 is substituted for calendar year 2016 for those figures while calendar year 2017 is substituted for the amount in paragraph (5)(A).
What the document actually says
“by inserting "(2025 in the case of the dollar amounts in paragraphs (1) and (2))" after "In the case of any taxable year beginning after 2018", and”
That sentence, in plain words
New words are put into an inflation rule. They set 2025 as the start year for the two raised figures.
What this is about
Each figure now has its own base year. The two raised ones use 2024 as their base. A third figure keeps 2017.
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. 70306, 139 Stat. 197 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The inflation base year for the two figures moves to 2025,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70306, Sec. 70306. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70306-inflation/ (retrieved October 10, 2026).
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