Repeals a modification to the definition of adjusted taxable income for business interest limitation purposes.
The Ensuring Better Interest Treatment and Deductibility Act (EBITDA) amends the Internal Revenue Code to repeal a modification to the definition of adjusted taxable income for purposes of the limitation on business interest. This change affects the tax treatment of interest expenses for businesses, potentially altering how much of these expenses can be deducted. The amendments apply to taxable years beginning after December 31, 2025.
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