Proposed Amendment to Repeal Business Interest Tax Deduction Change
June 24, 2026
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The Frame
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.
Potentially affected actors named in the source documents. Mention is not a position.
Business taxpayers
Businesses subject to interest deduction limitations under Section 163(j) would have their taxable income calculation method changed.
Last recorded activity June 24, 2026.
Next step not available in the current record.
Summary
Key Facts
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Why It Matters
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.
Frequently Asked Questions
What does this amendment do?
When would this change take effect?
News Coverage
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
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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