To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70422, Sec. 70422.
Written by .
The changes start after December 31, 2025
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70422 in the PDF
What the document says
“The amendments made by this subsection shall apply to calendar years beginning after December 31, 2025.”
The section applies the ceiling change to calendar years beginning after December 31, 2025 and the bond financing change to buildings placed in service in taxable years beginning after that date. Where expenditures are treated as a separate new building under section 42(e), both the existing building and the separate new building are treated as placed in service when those expenditures are.
What the document actually says
“The amendments made by this subsection shall apply to calendar years beginning after December 31, 2025.”
That sentence, in plain words
The changes start with years that begin after December 31, 2025. Older years are left out.
What this is about
The bond change turns on when a building is put to use. Work on an old building can count as a new one. Then both share the same start date.
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. 70422, 139 Stat. 234 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The changes start after December 31, 2025,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70422, Sec. 70422. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70422-effective-dates/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, checked against the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
