The cap on recapture is struck
What the document says“Section 36B(f)(2) is amended by striking subparagraph (B).”
The section strikes subparagraph (B) of section 36B(f)(2) of the Internal Revenue Code of 1986 and rewords that paragraph and section 35(g)(12)(B)(ii) to match.
What the document actually says“Section 36B(f)(2) is amended by striking subparagraph (B).”
That sentence, in plain words
One subparagraph is taken out of a tax rule. Nothing is put in its place.
What this is about
The heading says it capped how much could be taken back. Without it the full sum may be recovered. The tax code is not indexed 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.