Provisions Affecting Corporations that Pay Corporate Income Tax (C Corporations)Temp. vs. Perm.
Reduce the statutory corporate tax rate to 21%, repeal corporate AMTPERMANENT
Territorial tax system and other international corporate changesPERMANENT
Provisions Affecting Both C Corporations and Other BusinessesTemp. vs. Perm.
Limits on interest deductionsPERMANENT
100 percent expensing of equipmentTEMPORARY
Change net operating loss rulesPERMANENT
Amortization of research expenses (takes effect 2022)PERMANENT
Repeal deduction for domestic production activitiesPERMANENT