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Read. Follow. Verify.Proposed Amendment to Repeal Business Interest Tax Deduction Change
Record date · June 24, 2026
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What This Bill Does
Senate Amendment 6176 proposes to repeal a recent modification to the definition of '' used for business interest deduction limits. If passed, this change would apply to tax years starting after December 31, 2025.
This amendment would change how businesses calculate their tax deductions for interest expenses, potentially altering the amount of taxable income reported by companies for tax years beginning after December 31, 2025.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Business taxpayers
Businesses subject to interest deduction limitations under Section 163(j) would have their taxable income calculation method changed.
Key Facts
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Frequently Asked Questions
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News Coverage
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Votes, people, money & the original sourceFull breakdown
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Discoveries
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Repeal of recent tax modification
The amendment seeks to undo a change made by Public Law 119-21 regarding business interest deduction definitions.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance65How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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