“Section 25D(h) is amended by striking "to property placed in service after December 31, 2034" and inserting "with respect to any expenditures made after December 31, 2025".”
The section strikes the words to property placed in service after December 31, 2034 in section 25D(h) of the Internal Revenue Code of 1986 and inserts with respect to any expenditures made after December 31, 2025.
What the document actually says
“Section 25D(h) is amended by striking "to property placed in service after December 31, 2034" and inserting "with respect to any expenditures made after December 31, 2025".”
That sentence, in plain words
Old wording is taken out of a tax rule. New wording is put in. It ends the credit for money spent after December 31, 2025.
What this is about
The test used to turn on when property was put to use. Now it turns on when money is spent. The end date moves in by nine years.
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.
“by striking " and before January 1, 2033, 30 percent," and inserting "30 percent.", and”
The section amends section 25D(g) of the Internal Revenue Code of 1986 by closing the 30 percent step with a period and by striking paragraphs (4) and (5).
What the document actually says
“by striking " and before January 1, 2033, 30 percent," and inserting "30 percent.", and”
That sentence, in plain words
Words setting an end date on a rate step are taken out. The rate of 30 percent is left standing.
What this is about
Two later paragraphs are struck as well. They set lower rates for later years. Those years are now past the end date.
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.
Both things the section does: move the end date and switch the test to expenditures, and strike the later rate steps.
The punctuation edit that follows from the strikes.
The section works by amending section 25D of the Internal Revenue Code of 1986, which is not indexed here, so what the credit gives cannot be checked against anything on this site.
