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OBBBA Text
- Sec. 1. Table of contents
- TITLE I— COMMITTEE ON AGRICULTURE, NUTRITION, AND FORESTRY
- TITLE II— COMMITTEE ON ARMED SERVICES
- TITLE III— COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS
- TITLE IV— COMMITTEE ON COMMERCE, SCIENCE, AND TRANSPORTATION
- TITLE V— COMMITTEE ON ENERGY AND NATURAL RESOURCES
- TITLE VI— COMMITTEE ON ENVIRONMENT AND PUBLIC WORKS
- TITLE VII— FINANCE
  - Overview
  - Subtitle A— Tax
    Sec. 70001. References to the internal revenue code of 1986, etc
    CHAPTER 1— PROVIDING PERMANENT TAX RELIEF FOR MIDDLE-CLASS FAMILIES AND WORKERS
    Sec. 70101. Extension and enhancement of reduced rates
    Sec. 70102. Extension and enhancement of increased standard deduction
    Sec. 70103. Termination of deduction for personal exemptions other than temporary senior deduction
    Sec. 70104. Extension and enhancement of increased child tax credit
    Sec. 70105. Extension and enhancement of deduction for qualified business income
    Sec. 70106. Extension and enhancement of increased estate and gift tax exemption amounts
    Sec. 70107. Extension of increased alternative minimum tax exemption amounts and modification of phaseout thresholds
    Sec. 70108. Extension and modification of limitation on deduction for qualified residence interest
    Sec. 70109. Extension and modification of limitation on casualty loss deduction
    Sec. 70110. Termination of miscellaneous itemized deductions other than educator expenses
    Sec. 70111. Limitation on tax benefit of itemized deductions
    Sec. 70112. Extension and modification of qualified transportation fringe benefits
    Sec. 70113. Extension and modification of limitation on deduction and exclusion for moving expenses
    Sec. 70114. Extension and modification of limitation on wagering losses
    Sec. 70115. Extension and enhancement of increased limitation on contributions to able accounts
    Sec. 70116. Extension and enhancement of savers credit allowed for able contributions
    Sec. 70117. Extension of rollovers from qualified tuition programs to able accounts permitted
    Sec. 70118. Extension of treatment of certain individuals performing services in the sinai peninsula and enhancement to include additional areas
    Sec. 70119. Extension and modification of exclusion from gross income of student loans discharged on account of death or disability
    Sec. 70120. Limitation on individual deductions for certain state and local taxes, etc
    CHAPTER 2— DELIVERING ON PRESIDENTIAL PRIORITIES TO PROVIDE NEW MIDDLE-CLASS TAX RELIEF
    Sec. 70201. No tax on tips
    Sec. 70202. No tax on overtime
    Sec. 70203. No tax on car loan interest
    Sec. 70204. Trump accounts and contribution pilot program
    CHAPTER 3— ESTABLISHING CERTAINTY AND COMPETITIVENESS FOR AMERICAN JOB CREATORS
    Subchapter A— Permanent U.S. Business Tax Reform and Boosting Domestic Investment
    Sec. 70301. Full expensing for certain business property
    Sec. 70302. Full expensing of domestic research and experimental expenditures
    Sec. 70303. Modification of limitation on business interest
    Sec. 70304. Extension and enhancement of paid family and medical leave credit
    Sec. 70305. Exceptions from limitations on deduction for business meals
    Sec. 70306. Increased dollar limitations for expensing of certain depreciable business assets
    Sec. 70307. Special depreciation allowance for qualified production property
    Sec. 70308. Enhancement of advanced manufacturing investment credit
    Sec. 70309. Spaceports are treated like airports under exempt facility bond rules
    Subchapter B— Permanent America-first International Tax Reforms
    PART I— FOREIGN TAX CREDIT
    Sec. 70311. Modifications related to foreign tax credit limitation
    Sec. 70312. Modifications to determination of deemed paid credit for taxes properly attributable to tested income
    Sec. 70313. Sourcing certain income from the sale of inventory produced in the united states
    PART II— FOREIGN-DERIVED DEDUCTION ELIGIBLE INCOME AND NET CFC TESTED INCOME
    Sec. 70321. Modification of deduction for foreign-derived deduction eligible income and net cfc tested income
    Sec. 70322. Determination of deduction eligible income
    Sec. 70323. Rules related to deemed intangible income
    PART III— BASE EROSION MINIMUM TAX
    Sec. 70331. Extension and modification of base erosion minimum tax amount
    PART IV— BUSINESS INTEREST LIMITATION
    Sec. 70341. Coordination of business interest limitation with interest capitalization provisions
    Sec. 70342. Definition of adjusted taxable income for business interest limitation
    PART V— OTHER INTERNATIONAL TAX REFORMS
    Sec. 70351. Permanent extension of look-thru rule for related controlled foreign corporations
    Sec. 70352. Repeal of election for 1-month deferral in determination of taxable year of specified foreign corporations
    Sec. 70353. Restoration of limitation on downward attribution of stock ownership in applying constructive ownership rules
    Sec. 70354. Modifications to pro rata share rules
    CHAPTER 4— INVESTING IN AMERICAN FAMILIES, COMMUNITIES, AND SMALL BUSINESSES
    Subchapter A— Permanent Investments in Families and Children
    Sec. 70401. Enhancement of employer-provided child care credit
    Sec. 70402. Enhancement of adoption credit
    Sec. 70403. Recognizing indian tribal governments for purposes of determining whether a child has special needs for purposes of the adoption credit
    Sec. 70404. Enhancement of the dependent care assistance program
    Sec. 70405. Enhancement of child and dependent care tax credit
    Subchapter B— Permanent Investments in Students and Reforms to Tax-exempt Institutions
    Sec. 70411. Tax credit for contributions of individuals to scholarship granting organizations
    Sec. 70412. Exclusion for employer payments of student loans
    Sec. 70413. Additional expenses treated as qualified higher education expenses for purposes of 529 accounts
    Sec. 70414. Certain postsecondary credentialing expenses treated as qualified higher education expenses for purposes of 529 accounts
    Sec. 70415. Modification of excise tax on investment income of certain private colleges and universities
    Sec. 70416. Expanding application of tax on excess compensation within tax-exempt organizations
    Subchapter C— Permanent Investments in Community Development
    Sec. 70421. Permanent renewal and enhancement of opportunity zones
    Sec. 70422. Permanent enhancement of low-income housing tax credit
    Sec. 70423. Permanent extension of new markets tax credit
    Sec. 70424. Permanent and expanded reinstatement of partial deduction for charitable contributions of individuals who do not elect to itemize
    Sec. 70425. 0.5 percent floor on deduction of contributions made by individuals
    Sec. 70426. 1-percent floor on deduction of charitable contributions made by corporations
    Sec. 70427. Permanent increase in limitation on cover over of tax on distilled spirits
    Sec. 70428. Nonprofit community development activities in remote native villages
    Sec. 70429. Adjustment of charitable deduction for certain expenses incurred in support of native alaskan subsistence whaling
    Sec. 70430. Exception to percentage of completion method of accounting for certain residential construction contracts
    Subchapter D— Permanent Investments in Small Business and Rural America
    Sec. 70431. Expansion of qualified small business stock gain exclusion
    Sec. 70432. Repeal of revision to de minimis rules for third party network transactions
    Sec. 70433. Increase in threshold for requiring information reporting with respect to certain payees
    Sec. 70434. Treatment of certain qualified sound recording productions
    Sec. 70435. Exclusion of interest on loans secured by rural or agricultural real property
    Sec. 70436. Reduction of transfer and manufacturing taxes for certain devices
    Sec. 70437. Treatment of capital gains from the sale of certain farmland property
    Sec. 70438. Extension of rules for treatment of certain disaster-related personal casualty losses
    Sec. 70439. Restoration of taxable reit subsidiary asset test
    CHAPTER 5— ENDING GREEN NEW DEAL SPENDING, PROMOTING AMERICA-FIRST ENERGY, AND OTHER REFORMS
    Subchapter A— Termination of Green New Deal Subsidies
    Sec. 70501. Termination of previously-owned clean vehicle credit
    Sec. 70502. Termination of clean vehicle credit
    Sec. 70503. Termination of qualified commercial clean vehicles credit
    Sec. 70504. Termination of alternative fuel vehicle refueling property credit
    Sec. 70505. Termination of energy efficient home improvement credit
    Sec. 70506. Termination of residential clean energy credit
    Sec. 70507. Termination of energy efficient commercial buildings deduction
    Sec. 70508. Termination of new energy efficient home credit
    Sec. 70509. Termination of cost recovery for energy property
    Sec. 70510. Modifications of zero-emission nuclear power production credit
    Sec. 70511. Termination of clean hydrogen production credit
    Sec. 70512. Termination and restrictions on clean electricity production credit
    Sec. 70513. Termination and restrictions on clean electricity investment credit
    Sec. 70514. Phase-out and restrictions on advanced manufacturing production credit
    Sec. 70515. Restriction on the extension of advanced energy project credit program
    Subchapter B— Enhancement of America-first Energy Policy
    Sec. 70521. Extension and modification of clean fuel production credit
    Sec. 70522. Restrictions on carbon oxide sequestration credit
    Sec. 70523. Intangible drilling and development costs taken into account for purposes of computing adjusted financial statement income
    Sec. 70524. Income from hydrogen storage, carbon capture, advanced nuclear, hydropower, and geothermal energy added to qualifying income of certain publicly traded partnerships
    Sec. 70525. Allow for payments to certain individuals who dye fuel
    Subchapter C— Other Reforms
    Sec. 70531. Modifications to de minimis entry privilege for commercial shipments
    CHAPTER 6— ENHANCING DEDUCTION AND INCOME TAX CREDIT GUARDRAILS, AND OTHER REFORMS
    Sec. 70601. Modification and extension of limitation on excess business losses of noncorporate taxpayers
    Sec. 70602. Treatment of payments from partnerships to partners for property or services
    Sec. 70603. Excessive employee remuneration from controlled group members and allocation of deduction
    Sec. 70604. Excise tax on certain remittance transfers
    Sec. 70605. Enforcement provisions with respect to covid-related employee retention credits
    Sec. 70606. Social security number requirement for american opportunity and lifetime learning credits
    Sec. 70607. Task force on the replacement of direct file
  - Subtitle B— Health
    CHAPTER 1— MEDICAID
    Subchapter A— Reducing Fraud and Improving Enrollment Processes
    Sec. 71101. Moratorium on implementation of rule relating to eligibility and enrollment in medicare savings programs
    Sec. 71102. Moratorium on implementation of rule relating to eligibility and enrollment for medicaid, chip, and the basic health program
    Sec. 71103. Reducing duplicate enrollment under the medicaid and chip programs
    Sec. 71104. Ensuring deceased individuals do not remain enrolled
    Sec. 71105. Ensuring deceased providers do not remain enrolled
    Sec. 71106. Payment reduction related to certain erroneous excess payments under medicaid
    Sec. 71107. Eligibility redeterminations
    Sec. 71108. Revising home equity limit for determining eligibility for long-term care services under the medicaid program
    Sec. 71109. Alien medicaid eligibility
    Sec. 71110. Expansion fmap for emergency medicaid
    Subchapter B— Preventing Wasteful Spending
    Sec. 71111. Moratorium on implementation of rule relating to staffing standards for long-term care facilities under the medicare and medicaid programs
    Sec. 71112. Reducing state medicaid costs
    Sec. 71113. Federal payments to prohibited entities
    Subchapter C— Stopping Abusive Financing Practices
    Sec. 71114. Sunsetting increased fmap incentive
    Sec. 71115. Provider taxes
    Sec. 71116. State directed payments
    Sec. 71117. Requirements regarding waiver of uniform tax requirement for medicaid provider tax
    Sec. 71118. Requiring budget neutrality for medicaid demonstration projects under section 1115
    Subchapter D— Increasing Personal Accountability
    Sec. 71119. Requirement for states to establish medicaid community engagement requirements for certain individuals
    Sec. 71120. Modifying cost sharing requirements for certain expansion individuals under the medicaid program
    Subchapter E— Expanding Access to Care
    Sec. 71121. Making certain adjustments to coverage of home or community-based services under medicaid
    CHAPTER 2— MEDICARE
    Subchapter A— Strengthening Eligibility Requirements
    Sec. 71201. Limiting medicare coverage of certain individuals
    Subchapter B— Improving Services for Seniors
    Sec. 71202. Temporary payment increase under the medicare physician fee schedule to account for exceptional circumstances
    Sec. 71203. Expanding and clarifying the exclusion for orphan drugs under the drug price negotiation program
    CHAPTER 3— HEALTH TAX
    Subchapter A— Improving Eligibility Criteria
    Sec. 71301. Permitting premium tax credit only for certain individuals
    Sec. 71302. Disallowing premium tax credit during periods of medicaid ineligibility due to alien status
    Subchapter B— Preventing Waste, Fraud, and Abuse
    Sec. 71303. Requiring verification of eligibility for premium tax credit
    Sec. 71304. Disallowing premium tax credit in case of certain coverage enrolled in during special enrollment period
    Sec. 71305. Eliminating limitation on recapture of advance payment of premium tax credit
    Subchapter C— Enhancing Choice for Patients
    Sec. 71306. Permanent extension of safe harbor for absence of deductible for telehealth services
    Sec. 71307. Allowance of bronze and catastrophic plans in connection with health savings accounts
    Sec. 71308. Treatment of direct primary care service arrangements
    CHAPTER 4— PROTECTING RURAL HOSPITALS AND PROVIDERS
    Sec. 71401. Rural health transformation program
  - Subtitle C— Increase in Debt Limit
    Sec. 72001. Modification of limitation on the public debt
  - Subtitle D— Unemployment
    Sec. 73001. Ending unemployment payments to jobless millionaires
- TITLE VIII— COMMITTEE ON HEALTH, EDUCATION, LABOR, AND PENSIONS
  - Overview
  - Subtitle A— Exemption of Certain Assets
    Sec. 80001. Exemption of certain assets
  - Subtitle B— Loan Limits
    Sec. 81001. Establishment of loan limits for graduate and professional students and parent borrowers; termination of graduate and professional plus loans
  - Subtitle C— Loan Repayment
    Sec. 82001. Loan repayment
    Sec. 82002. Deferment; forbearance
    Sec. 82003. Loan rehabilitation
    Sec. 82004. Public service loan forgiveness
    Sec. 82005. Student loan servicing
  - Subtitle D— Pell Grants
    Sec. 83001. Eligibility
    Sec. 83002. Workforce pell grants
    Sec. 83003. Pell shortfall
    Sec. 83004. Federal pell grant exclusion relating to other grant aid
  - Subtitle E— Accountability
    Sec. 84001. Ineligibility based on low earning outcomes
  - Subtitle F— Regulatory Relief
    Sec. 85001. Delay of rule relating to borrower defense to repayment
    Sec. 85002. Delay of rule relating to closed school discharges
  - Subtitle G— Garden of Heroes
    Sec. 86001. Garden of heroes
  - Subtitle H— Office of Refugee Resettlement
    Sec. 87001. Potential sponsor vetting for unaccompanied alien children appropriation
- TITLE IX— COMMITTEE ON HOMELAND SECURITY AND GOVERNMENTAL AFFAIRS
  - Overview
  - Subtitle A— Homeland Security Provisions
    Sec. 90001. Border infrastructure and wall system
    Sec. 90002. U.s. customs and border protection personnel, fleet vehicles, and facilities
    Sec. 90003. Detention capacity
    Sec. 90004. Border security, technology, and screening
    Sec. 90005. State and local assistance
    Sec. 90006. Presidential residence protection
    Sec. 90007. Department of homeland security appropriations for border support
  - Subtitle B— Governmental Affairs Provisions
    Sec. 90101. FEHB improvements
    Sec. 90102. Pandemic response accountability committee
    Sec. 90103. Appropriation for the office of management and budget
- TITLE X— COMMITTEE ON THE JUDICIARY
Law as Amended
Impact

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Sec. 50103. Royalties on extracted methane

Official source: Public Law 119-21, Section 50103 — 139 Stat. 142.

Section 50263 of Public Law 117–169 (30 U.S.C. 1727) is repealed.

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Resulting law

§ 1727. Repealed. Pub. L. 119–21, title V, § 50103, July 4, 2025, 139 Stat. 142

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OBBBA Text: Sec. 50103. Royalties on extracted methane
Law as Amended: Sec. 50103. Royalties on extracted methane
Impact: Sec. 50103. Royalties on extracted methane

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