“Section 960(d)(1) is amended by striking "80 percent" and inserting "90 percent".”
The section strikes 80 percent and inserts 90 percent in section 960(d)(1) of the Internal Revenue Code of 1986, and makes the matching change in section 78 while narrowing the subsections it names to (a) and (d).
What the document actually says
“Section 960(d)(1) is amended by striking "80 percent" and inserting "90 percent".”
That sentence, in plain words
The figure 80 percent is taken out. The figure 90 percent is put in.
What this is about
The same swap is made in a second rule. Both deal with credit for tax paid abroad. What they do in full is not recorded here.
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. 70312, 139 Stat. 203 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The deemed paid credit percentage rises from 80 to 90 percent,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70312, Sec. 70312. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70312-percentage/ (retrieved August 26, 2026).
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