Glossary entry · code section
OBBBA
One Big Beautiful Bill Act — signed July 4, 2025. Reset the TCJA-sunset narrative. Key renames: GILTI→NCTI, FDII→FDDEI, §174→§174A. $40K SALT cap.
Canonical reference
See the full OBBBA regulation page for status, the section-by-section practitioner read, and primary-source links to Pub. L. 119-21.
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