Extension and Modification of Base Erosion Minimum Tax Amount
Section 70331 · Sec. 70331 ·
What this chapter is about
This part raises a minimum tax rate from 10 percent to 10.5 percent. It strikes one paragraph and renumbers the rest. It also fixes several pointers and one wording slip. The changes start with tax years after December 31, 2025.
“by striking "10 percent" in paragraph (1) and inserting "10.5 percent", and”
The section strikes 10 percent in paragraph (1) of section 59A(b) of the Internal Revenue Code of 1986 and inserts 10.5 percent, strikes paragraph (2) and renumbers paragraphs (3) and (4) as (2) and (3).
What the document actually says
“by striking "10 percent" in paragraph (1) and inserting "10.5 percent", and”
That sentence, in plain words
The rate of 10 percent is taken out. The rate of 10.5 percent is put in.
What this is about
One paragraph is also struck out. Two others are renumbered to fill the gap. 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.
“Section 59A(h)(2)(B) is amended by striking "section 6038B(b)(2)" and inserting "section 6038A(b)(2)".”
The section makes conforming changes so that paragraph (1) refers only to paragraph (2), so that the increase provision names only paragraph (1)(A), and so that a reference to subsection (b)(3)(B) becomes subsection (b)(2)(B). It also changes registered securities dealer to securities dealer registered, corrects the reference to section 6038B(b)(2) to section 6038A(b)(2), and changes two references to subsection (g) to subsection (h).
What the document actually says
“Section 59A(h)(2)(B) is amended by striking "section 6038B(b)(2)" and inserting "section 6038A(b)(2)".”
That sentence, in plain words
One pointer is taken out of a tax rule. A new pointer is put in.
What this is about
Several other pointers are fixed the same way. One phrase is also reordered. None of these change what anyone must do.
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.
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70331 in the PDF
What the document says
“The amendments made by this section shall apply to taxable years beginning after December 31, 2025.”
The section applies its amendments to taxable years beginning after December 31, 2025.
What the document actually says
“The amendments made by this section shall apply to taxable years beginning after December 31, 2025.”
That sentence, in plain words
The changes start with tax years that begin after December 31, 2025.
What this is about
Earlier tax years are not touched. The old rules still hold for them. The date is 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.
Each distinct thing the section does: raise the rate and strike a paragraph, make the conforming changes that follow, correct the other cross references and wording, and fix the effective date.
Nothing in the section is left out. It has four subsections and each is recorded.
The section works by amending section 59A of the Internal Revenue Code of 1986, which is not indexed here, so what the base erosion minimum tax does cannot be checked against anything on this site.
