[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4221 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4221

 To amend the Internal Revenue Code of 1986 to repeal the modification 
   of the definition of adjusted taxable income for purposes of the 
                    limitation on business interest.


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                   IN THE SENATE OF THE UNITED STATES

                             March 26, 2026

 Mrs. Capito (for herself, Mr. Cornyn, Mrs. Blackburn, and Mr. Husted) 
introduced the following bill; which was read twice and referred to the 
                          Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to repeal the modification 
   of the definition of adjusted taxable income for purposes of the 
                    limitation on business interest.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Ensuring Better Interest Treatment 
and Deductibility Act (EBITDA)''.

SEC. 2. REPEAL OF MODIFICATION TO DEFINITION OF ADJUSTED TAXABLE INCOME 
              FOR PURPOSES OF THE LIMITATION ON BUSINESS INTEREST.

    (a) In General.--Section 163(j)(8)(A) of the Internal Revenue Code 
of 1986, as amended by Public Law 119-21, is amended by inserting 
``and'' at the end of clause (iv) and by striking clause (vi).
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
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