(a) In general.—Section 170(p) is amended— (1) by striking “$300 ($600” and inserting “$1,000 ($2,000”, and (2) by striking “beginning in 2021”. (b) Effective date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2025. Published with DiscussionBridge from the
(a) In general.—Section 45D(f)(1)(H) is amended by striking “for for each of calendar years 2020 through 2025” and inserting “ for each calendar year after 2019”. (b) Carryover of unused limitation.—Section 45D(f)(3) is amended— (1) by striking “If the” and inserting the following: “(A)
(a) Permanent State housing credit ceiling increase for low-income housing credit.— (1) IN GENERAL.—Section 42(h)(3)(I) is amended— (A) by striking “2018, 2019, 2020, and 2021,” and inserting “beginning after December 31, 2025,”, (B) by striking “1.125” and inserting “1.12”, and (C) by striking
(a) Decennial designations.— (1) DETERMINATION PERIOD.—Section 1400Z-1(c)(2)(B) is amended by striking “beginning on the date of the enactment of the Tax Cuts and Jobs Act” and inserting “beginning on the decennial determination date”. (2) DECENNIAL DETERMINATION DATE.—Section 1400Z-1(c)(2) is amended by
SEC. 70411. Tax credit for contributions of individuals to scholarship granting organizations. (a) Allowance of credit for contributions of individuals to scholarship granting organizations.— (1) IN GENERAL.—Subpart A of part IV of subchapter A of chapter 1 is amended by inserting after section 25E the following new section: “SEC.
(a) In general.—Section 4960(c)(2) is amended to read as follows: “(2) COVERED EMPLOYEE.—For purposes of this section, the term ‘covered employee’ means any employee of an applicable tax-exempt organization (or any predecessor of such an organization) and any former employee of such an organization (or
(a) In general.—Section 4968 is amended to read as follows: “SEC. 4968. Excise tax based on investment income of private colleges and universities. “(a) Tax imposed.—There is hereby imposed on each applicable educational institution for the taxable year a tax equal to the applicable percentage of the net
(a) In general.—Section 529(e)(3) is amended by adding at the end the following new subparagraph: “(C) CERTAIN POSTSECONDARY CREDENTIALING EXPENSES.—The term ‘qualified higher education expenses’ includes qualified postsecondary credentialing expenses (as defined in subsection (f)).”. (b) Qualified postsecondary credentialing expenses.—Section 529 is amended by redesignating
(a) In general.— (1) IN GENERAL.—Section 529(c)(7) is amended to read as follows: “(7) TREATMENT OF ELEMENTARY AND SECONDARY TUITION.—Any reference in this section to the term ‘qualified higher education expense’ shall include a reference to the following expenses in connection with enrollment or attendance at,
(a) In general.—Section 127(c)(1)(B) is amended by striking “in the case of payments made before January 1, 2026,”. (b) Inflation adjustment.—Section 127 is amended— (1) by redesignating subsection (d) as subsection (e), and (2) by inserting after subsection (c) the following new subsection: “(d) Inflation
(a) Allowance of credit for contributions of individuals to scholarship granting organizations.— (1) IN GENERAL.—Subpart A of part IV of subchapter A of chapter 1 is amended by inserting after section 25E the following new section: “SEC. 25F. Qualified elementary and secondary education scholarships. “(a) Allowance of credit.—In
SEC. 70401. Enhancement of employer-provided child care credit. (a) Increase of amount of qualified child care expenditures taken into account.—Section 45F(a)(1) is amended by striking “25 percent” and inserting “40 percent (50 percent in the case of an eligible small business)”. (b) Increase of maximum credit