Sec. 70321. Modification of deduction for foreign-derived deduction eligible income and net cfc tested income
Official source: Public Law 119-21, Section 70321 — 139 Stat. 204.
(a) In General.—
Section 250(a) is amended—
(1) by striking “
37.5 percent
” in paragraph (1)(A) and inserting “
33.34 percent
”,
(2) by striking “
50 percent
” in paragraph (1)(B) and inserting “
40 percent
”, and
(3) by striking paragraph (3).
(b) Effective Date.—
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.