The credit rate rises from 25 percent to 35 percent
What the document says“Section 48D(a) is amended by striking "25 percent" and inserting "35 percent".”
The section strikes 25 percent and inserts 35 percent in section 48D(a) of the Internal Revenue Code of 1986. That provision is not indexed here, so this record states the change and stops.
What the document actually says“Section 48D(a) is amended by striking "25 percent" and inserting "35 percent".”
That sentence, in plain words
The rate of 25 percent is taken out. The rate of 35 percent is put in.
What this is about
That is all the change does. What the credit covers is not recorded here. The tax code is not indexed on this site.
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.