House bill introduced to change interest deductibility rules
/ 1 min read
Table of Contents
Representative Adrian Smith (R-Neb.) has introduced the Ensuring Better Interest Treatment and Deductibility Act in the House. The bill aims to modify how businesses can deduct interest expenses from their taxes.
Why it matters: This would change the tax math for businesses that carry debt, potentially changing how much they pay in taxes depending on their earnings and interest levels.
Who it affects
- Businesses that rely on debt financing
This information comes from Congress.gov; please consult the official text of the bill before making financial or legal decisions.
Agency: House
Source: Congress.gov — read the official document