Provisions Affecting Corporations that Pay Corporate Income Tax (C Corporations) | Temp. vs. Perm. |
Reduce the statutory corporate tax rate to 21%, repeal corporate AMT | PERMANENT |
Territorial tax system and other international corporate changes | PERMANENT |
Provisions Affecting Both C Corporations and Other Businesses | Temp. vs. Perm. |
Limits on interest deductions | PERMANENT |
100 percent expensing of equipment | TEMPORARY |
Change net operating loss rules | PERMANENT |
Amortization of research expenses (takes effect 2022) | PERMANENT |
Repeal deduction for domestic production activities | PERMANENT |