HR 1062
Growing and Preserving Innovation in America Act of 2025
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Bill overview
This bill aims to make permanent a tax deduction currently available to U.S. corporations for income derived from foreign intellectual property. Specifically, it prevents a reduction in the deduction for ‘foreign-derived intangible income’ (FDTI) and ‘global intangible low-taxed income’ (GILTI) that was scheduled to occur in 2026. By maintaining the current deduction rates, the bill intends to encourage investment in and utilization of foreign intellectual property within the United States. This is expected to support innovation and economic growth.
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