Repeal OBBBA Forum

Sec. 70352. Repeal of election for 1-month deferral in determination of taxable year of specified foreign corporations | Law as Amended

OBBBA - Law as Amended

editor August 1, 2025, 4:49am 1

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OBBBA - Law as Amended (Index)

TITLE VII—FINANCE | Law as Amended (Index)

Topic		Replies	Views	Activity
Sec. 70352. Repeal of election for 1-month deferral in determination of taxable year of specified foreign corporations \| Impact OBBBA - Impact CHAPTER-3—ESTABLISHING-CERTAINTY-JOB-CREATORS , PART-V—OTHER-INTERNATIONAL-TAX-REFORMS , Needs-Text , TITLE-VII , Subtitle-A—Tax , SUBCHAPTER-B—PERMANENT-AMERICA-FIRST-TAX-REFORMS , Impact	0	2	August 17, 2025
Sec. 70352. Repeal of election for 1-month deferral in determination of taxable year of specified foreign corporations One Big Beautiful Bill Act \| OBBBA Enrolled-Bill-Text , TITLE-VII , Subtitle-A—Tax , CHAPTER-3—ESTABLISHING-CERTAINTY-JOB-CREATORS , PART-V—OTHER-INTERNATIONAL-TAX-REFORMS , SUBCHAPTER-B—PERMANENT-AMERICA-FIRST-TAX-REFORMS	0	3	July 21, 2025
Sec. 70351. Permanent extension of look-thru rule for related controlled foreign corporations \| Law as Amended OBBBA - Law as Amended Law-as-Amended , Subtitle-A—Tax , TITLE-VII , CHAPTER-3—ESTABLISHING-CERTAINTY-JOB-CREATORS , SUBCHAPTER-B—PERMANENT-AMERICA-FIRST-TAX-REFORMS , PART-V—OTHER-INTERNATIONAL-TAX-REFORMS , Needs-Text	0	2	August 1, 2025
Sec. 70311. Modifications related to foreign tax credit limitation \| Law as Amended OBBBA - Law as Amended Law-as-Amended , Subtitle-A—Tax , TITLE-VII , CHAPTER-3—ESTABLISHING-CERTAINTY-JOB-CREATORS , PART-I—FOREIGN-TAX-CREDIT , SUBCHAPTER-B—PERMANENT-AMERICA-FIRST-TAX-REFORMS , Needs-Text	0	3	August 1, 2025
Sec. 70321. Modification of deduction for foreign-derived deduction eligible income and net CFC tested income \| Law as Amended OBBBA - Law as Amended Law-as-Amended , Subtitle-A—Tax , TITLE-VII , CHAPTER-3—ESTABLISHING-CERTAINTY-JOB-CREATORS , PART-II—FOREIGN-DERIVED-DEDUCTION-ELIGIBLE-INCOME , SUBCHAPTER-B—PERMANENT-AMERICA-FIRST-TAX-REFORMS , Needs-Text	0	3	August 1, 2025