To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70522, Sec. 70522.
Written by .
The two changes start at different points
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70522 in the PDF
What the document says
“The amendment made by subsection (a) shall apply to taxable years beginning after the date of enactment of this Act.”
The section applies the foreign entity bar to taxable years beginning after enactment and the parity changes to facilities or equipment placed in service after enactment.
What the document actually says
“The amendment made by subsection (a) shall apply to taxable years beginning after the date of enactment of this Act.”
That sentence, in plain words
The first change starts with tax years that begin after this law passed.
What this is about
The second turns on when gear is put to use. It must be put to use after this law. 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. 70522, 139 Stat. 279 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The two changes start at different points,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70522, Sec. 70522. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70522-effective-dates/ (retrieved August 26, 2026).
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