TITLE VII—FINANCE (Index) Full text > 150,000 characters.
Subtitle A—Tax (Index) Full text > 150,000 characters.
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
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. 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
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
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