CONGRESS FOR VOTERS

Shelley Capito (R-WV)

Ensuring Better Interest Treatment and Deductibility Act (EBITDA)

S. 4221 · Senate bill Taxation

A Republican bill with 8 Republican cosponsors · See all 8 cosponsors

Last activity — Read twice and referred to the Committee on Finance.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Ensuring Better Interest Treatment and Deductibility Act (EBITDA)", aims to amend the Internal Revenue Code of 1986. It specifically targets the modification of the definition of adjusted taxable income used for the limitation on business interest. The legislation seeks to repeal a specific modification introduced by Public Law 119-21. This change involves inserting the word "and" at the end of clause (iv) and striking clause (vi) of Section 163(j)(8)(A). The amendments are intended to apply to taxable years beginning after December 31, 2025.

Yes· 3 of 6

  • Scored +5

    Does this cut taxes for small businesses?

    By repealing the modification to the adjusted taxable income definition, the bill allows for more favorable business interest deductibility for certain entities.

  • Scored +5

    Does this make it easier to run a small business?

    The bill eases the limitation on how much business interest can be deducted against taxable income.

  • Scored +5

    Would business owners be better off under this?

    The legislation directly targets and eases restrictions on business interest deductibility.

The opposite

No question was scored the opposite.