JCX-26-25R (June 02, 2025)
Estimated Revenue Effects Of Tax Provisions To Provide For Reconciliation Of The Fiscal Year 2025 Budget As Passed By The House Of Representatives On May 22, 2025
The staff of the Joint Committee has revised and updated its estimates of JCX-26-25, the Estimated Revenue Effects Of Tax Provisions To Provide For Reconciliation Of The Fiscal Year 2025 Budget As Passed By The House Of Representatives On May 22, 2025. Table JCX-26-25R includes two estimates that were listed as “presently unavailable” on pages five and six of JCX-26-25. Table JCX-26-25R incorporates additional changes that were made to H.R. 1 before it was passed by the House of Representatives including the removal of the repeal of the excise tax on indoor tanning services, the addition of the exception to the denial of the deduction for business meals, the restoration of the taxable REIT subsidiary test, and the modification to indexing alternative minimum tax threshold amounts.
The staff of the Joint Committee has revised and updated its estimates of JCX-26-25, the Estimated Revenue Effects Of Tax Provisions To Provide For Reconciliation Of The Fiscal Year 2025 Budget As Passed By The House Of Representatives On May 22, 2025. Table JCX-26-25R includes two estimates that were listed as “presently unavailable” on pages five and six of JCX-26-25. Table JCX-26-25R incorporates additional changes that were made to H.R. 1 before it was passed by the House of Representatives including the removal of the repeal of the excise tax on indoor tanning services, the addition of the exception to the denial of the deduction for business meals, the restoration of the taxable REIT subsidiary test, and the modification to indexing alternative minimum tax threshold amounts.
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