CONGRESS FOR VOTERS

RepublicanAmendment · S.Amdt. 2661· Senate(119-SAMDT-2661)

S.Amdt. 2661

Rep. Moran
Age: 72 years
Kansas
Introduced
6/30/2025
Sponsored by
Jerry Moran
Cosponsors
None
Changes bill
119-HR-1 — One Big Beautiful Bill Act
  1. Introduced
  2. Pending Consideration
  3. Failed

What this amendment would do

This amendment, submitted by Mr. Moran, proposes a technical fix specifically for the ACRE portion of the bill.

Purpose and Changes

The amendment aims to change how section 265 coordinates with qualified real estate loans. The specific changes include:

  • Substituting 25 percent of interest on indebtedness for Interest on indebtedness in subsection (a)(2) of section 265.

  • Treating any qualified real estate loan as an obligation where the interest is wholly exempt from the imposed taxes.

  • Treating 25 percent of the adjusted basis of any qualified real estate loan as the adjusted basis of a tax-exempt obligation.

  • Substituting 25 percent of the amount of such indebtedness for the amount of such indebtedness in subsection (b)(6)(A)(a)(ii) of section 265.