Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment, submitted by Mr. Moran, proposes a technical fix specifically for the ACRE portion of the bill.
Purpose and Changes
The amendment aims to change how section 265 coordinates with qualified real estate loans. The specific changes include:
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Substituting 25 percent of interest on indebtedness for Interest on indebtedness in subsection (a)(2) of section 265.
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Treating any qualified real estate loan as an obligation where the interest is wholly exempt from the imposed taxes.
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Treating 25 percent of the adjusted basis of any qualified real estate loan as the adjusted basis of a tax-exempt obligation.
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Substituting 25 percent of the amount of such indebtedness for the amount of such indebtedness in subsection (b)(6)(A)(a)(ii) of section 265.
- 6/30/2025
- Senate amendment submitted
This bill has no cosponsors