Business Interest Deduction Limitation |
EBITDA add-back expired after 2021; limitation applied to EBIT |
EBITDA add-back restored permanently; coordination with capitalization rules |
Increases allowable business interest deductions, especially for leveraged businesses; clarifies interaction with capitalization rules. |
Coordination of Business Interest Limitation with Capitalization |
Interest capitalization and deduction limitations were not coordinated. |
Business interest limitation applies before capitalization, and disallowed interest is not subject to future capitalization. |
This change simplifies compliance and prevents double counting of disallowed interest. |
Permanent Enhancement of Paid Family and Medical Leave Credit |
Temporary, only for wages paid directly by employers |
Made permanent, expanded to include insurance premiums, clarified for aggregation and state / local paid leave |
Encourages businesses to offer paid leave; broader eligibility for credit |
Permanent Enhancement of Low-Income Housing Tax Credit |
State credit ceiling increases temporary |
Made permanent, bond financing requirements relaxed |
Expands affordable housing development opportunities for real estate businesses |
Permanent Extension of New Markets Tax Credit |
Set to expire after 2025 |
Made permanent, 5-year carryforward for unused allocations |
Supports investment in economically distressed communities |