The section strikes subclause (I) of section 168(e)(3)(B)(vi) of the Internal Revenue Code of 1986, as amended by section 13703 of Public Law 117-169, and renumbers subclauses (II) and (III) as (I) and (II).
What the document actually says
“by striking subclause (I), and”
That sentence, in plain words
One item is taken out of a list. Nothing is put in its place.
What this is about
Two later items move up to fill the gap. The list sets how fast a cost may be written off. What the struck item covered 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. 70509, 139 Stat. 251 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“One item is struck from the energy property list,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70509, Sec. 70509. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70509-strike/ (retrieved October 10, 2026).
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