Changes Made by the Perfecting Amendment (Hatch #1618)

(Note: All JCT estimates are relative to the committee-reported version of H.R. 1)

Modifications
Increased Pass-Through Deduction (Sec. 11011)

• This provision increased the deduction for qualified business income on individual returns from 17.4 percent to 23 percent of such income.
• JCT Estimate: Change would reduce revenues by an additional $114 billion over ten years.

Extended Bonus Depreciation (Sec. 13204)

• This provision extends the bill’s five-year 100 percent expensing period for an additional four years, decreasing gradually over that time.
• JCT Estimate: This change would decrease revenues by $35 billion over ten years.

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