The change reaches property placed in service after December 31, 2025
What the document says“The amendments made by this section shall apply to property placed in service after December 31, 2025.”
The section applies its amendments to property placed in service after December 31, 2025.
What the document actually says“The amendments made by this section shall apply to property placed in service after December 31, 2025.”
That sentence, in plain words
The change reaches property put to use after December 31, 2025. Earlier years are left out.
What this is about
Property put to use earlier is not touched. The old rate still holds for it. The date is fixed in the law.
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.