Most changes start with tax years after this law passed
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70514, Sec. 70514.
Written by .
Most changes start with tax years after this law passed
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70514 in the PDF
What the document says
“Except as provided in paragraph (2), the amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act.”
The section applies its amendments to taxable years beginning after enactment, except that the change to the integrated component rule applies to components sold during taxable years beginning after December 31, 2026.
What the document actually says
“Except as provided in paragraph (2), the amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act.”
That sentence, in plain words
The changes start with tax years that begin after this law passed. One part is treated apart.
What this is about
That part is the rule on built-in parts. It starts with tax years after 2026. Both dates are 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.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70514, 139 Stat. 273 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“Most changes start with tax years after this law passed,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70514, Sec. 70514. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70514-effective-dates/ (retrieved August 26, 2026).
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