(a) Assessable penalty for failure to comply with due diligence requirements.— (1) IN GENERAL.—Any COVID–ERTC promoter which provides aid, assistance, or advice with respect to any COVID–ERTC document and which fails to comply with due diligence requirements imposed by the Secretary with respect to determining eligibility for,
(a) In general.—Chapter 36 is amended by inserting after subchapter B the following new subchapter: “subchapter C—Remittance transfers “Sec. 4475. Imposition of tax. “SEC. 4475. Imposition of tax. “(a) In general.—There is hereby imposed on any remittance transfer a tax equal to 1 percent of the amount
(a) Application of aggregation rules.—Section 162(m) is amended by adding at the end the following new paragraph: “(7) REMUNERATION FROM CONTROLLED GROUP MEMBERS.— “(A) IN GENERAL.—In the case of any publicly held corporation which is a member of a controlled group— “(i) paragraph (1) shall be applied
(a) In general.—Section 707(a)(2) is amended by striking “Under regulations prescribed” and inserting “Except as provided”. (b) Effective date.—The amendment made by this section shall apply to services performed, and property transferred, after the date of the enactment of this Act. (c) Rule of construction.—Nothing
(a) Rule made permanent.—Section 461(l)(1) is amended by striking “and before January 1, 2029,” each place it appears. (b) Adjustment of amounts for calculation of excess business loss.—Section 461(l)(3)(C) is amended— (1) in the matter preceding clause (i), by striking “December 31, 2018”
SUBCHAPTER A—TERMINATION OF GREEN NEW DEAL SUBSIDIES SEC. 70501. Termination of previously-owned clean vehicle credit. Section 25E(g) is amended by striking “December 31, 2032” and inserting “September 30, 2025”. SEC. 70502. Termination of clean vehicle credit. (a) In general.—Section 30D(h) is amended by striking “placed
SEC. 70531. Modifications to de minimis entry privilege for commercial shipments. (a) Civil penalty.— (1) ADDITIONAL PENALTY IMPOSED.—Section 321 of the Tariff Act of 1930 (19 U.S.C. 1321) is amended by adding at the end the following new subsection: “(c) Any person who enters, introduces, facilitates, or
(a) Civil penalty.— (1) ADDITIONAL PENALTY IMPOSED.—Section 321 of the Tariff Act of 1930 (19 U.S.C. 1321) is amended by adding at the end the following new subsection: “(c) Any person who enters, introduces, facilitates, or attempts to introduce an article into the United States using the
SEC. 70521. Extension and modification of clean fuel production credit. (a) Prohibition on foreign feedstocks.— (1) IN GENERAL.—Section 45Z(f)(1)(A) is amended— (A) in clause (i)(II)(bb), by striking “and” at the end, (B) in clause (ii), by striking the period at the end and inserting
(a) In general.—Subchapter B of chapter 65, as amended by the preceding provisions of this Act, is amended by adding at the end the following new section: “SEC. 6435. Dyed fuel. “(a) In general.—If a person establishes to the satisfaction of the Secretary that such person meets the
(a) In general.—Section 7704(d)(1)(E) is amended— (1) by striking “income and gains derived from the exploration” and inserting the following: “income and gains derived from— “(i) the exploration”. (2) by inserting “or” before “industrial source”, and (3) by striking “or the transportation or storage” and all
(a) In general.—Section 56A(c)(13) is amended— (1) by striking subparagraph (A) and inserting the following: “(A) reduced by— “(i) depreciation deductions allowed under section 167 with respect to property to which section 168 applies to the extent of the amount allowed as deductions in computing taxable income