HR. 1062In Committee
Growing and Preserving Innovation in America Act of 2025
Makes permanent the higher federal tax deduction rates for domestic corporations' foreign-derived intangible income and GILTI
Plain-English overview
What this bill does
Makes permanent the higher federal tax deduction rates for domestic corporations' foreign-derived intangible income and GILTI
Key points
- Extend FDII deduction rates
- Extend GILTI deduction rates
Current status
Where it stands
Status
In Committee
Latest action
2025-02-06 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation