# \#PART-II—FOREIGN-DERIVED-DEDUCTION-ELIGIBLE-INCOME **URL:** https://forum.repealobbba.org/tag/part-ii-foreign-derived-deduction-eligible-income/529.md [Latest](https://forum.repealobbba.org/latest.md) · [Categories](https://forum.repealobbba.org/categories.md) · [Tags](https://forum.repealobbba.org/tags.md) --- ## [Sec. 70321. Modification of deduction for foreign-derived deduction eligible income and net CFC tested income | Impact](https://forum.repealobbba.org/t/sec-70321-modification-of-deduction-for-foreign-derived-deduction-eligible-income-and-net-cfc-tested-income-impact/898)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 3:00am UTC](https://forum.repealobbba.org/t/sec-70321-modification-of-deduction-for-foreign-derived-deduction-eligible-income-and-net-cfc-tested-income-impact/898 "2025-08-17T03:00:36Z")
What does this Sec (section) actually do? How will it change day to day government processes? Will it impact consumers? Businesses? Please share how this section is impacting you, your family, your business, your dist… --- ## [Sec. 70322. Determination of deduction eligible income | Impact](https://forum.repealobbba.org/t/sec-70322-determination-of-deduction-eligible-income-impact/899)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 3:02am UTC](https://forum.repealobbba.org/t/sec-70322-determination-of-deduction-eligible-income-impact/899 "2025-08-17T03:02:14Z")
What does this Sec (section) actually do? How will it change day to day government processes? Will it impact consumers? Businesses? Please share how this section is impacting you, your family, your business, your dist… --- ## [Sec. 70323. Rules related to deemed intangible income | Impact](https://forum.repealobbba.org/t/sec-70323-rules-related-to-deemed-intangible-income-impact/900)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 3:04am UTC](https://forum.repealobbba.org/t/sec-70323-rules-related-to-deemed-intangible-income-impact/900 "2025-08-17T03:04:17Z")
What does this Sec (section) actually do? How will it change day to day government processes? Will it impact consumers? Businesses? Please share how this section is impacting you, your family, your business, your dist… --- ## [Sec. 70321. Modification of deduction for foreign-derived deduction eligible income and net CFC tested income | Law as Amended](https://forum.repealobbba.org/t/sec-70321-modification-of-deduction-for-foreign-derived-deduction-eligible-income-and-net-cfc-tested-income-law-as-amended/587)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:35am UTC](https://forum.repealobbba.org/t/sec-70321-modification-of-deduction-for-foreign-derived-deduction-eligible-income-and-net-cfc-tested-income-law-as-amended/587 "2025-08-01T04:35:02Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70322. Determination of deduction eligible income | Law as Amended](https://forum.repealobbba.org/t/sec-70322-determination-of-deduction-eligible-income-law-as-amended/588)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:39am UTC](https://forum.repealobbba.org/t/sec-70322-determination-of-deduction-eligible-income-law-as-amended/588 "2025-08-01T04:39:23Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70323. Rules related to deemed intangible income | Law as Amended](https://forum.repealobbba.org/t/sec-70323-rules-related-to-deemed-intangible-income-law-as-amended/589)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:40am UTC](https://forum.repealobbba.org/t/sec-70323-rules-related-to-deemed-intangible-income-law-as-amended/589 "2025-08-01T04:40:53Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [PART II—FOREIGN-DERIVED DEDUCTION ELIGIBLE INCOME AND NET CFC TESTED INCOME](https://forum.repealobbba.org/t/part-ii-foreign-derived-deduction-eligible-income-and-net-cfc-tested-income/226)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 21, 2025, 7:19pm UTC](https://forum.repealobbba.org/t/part-ii-foreign-derived-deduction-eligible-income-and-net-cfc-tested-income/226 "2025-07-21T19:19:37Z")
SEC. 70321. Modification of deduction for foreign-derived deduction eligible income and net CFC tested income. (a) In general.—Section 250(a) is amended— (1) by striking “37.5 percent” in paragraph (1)(A) and inserting… --- ## [Sec. 70323. Rules related to deemed intangible income](https://forum.repealobbba.org/t/sec-70323-rules-related-to-deemed-intangible-income/225)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 21, 2025, 7:14pm UTC](https://forum.repealobbba.org/t/sec-70323-rules-related-to-deemed-intangible-income/225 "2025-07-21T19:14:15Z")
(a) Taxation of net CFC tested income.— (1) IN GENERAL.—Section 951A(a) is amended by striking “global intangible low-taxed income” and inserting “net CFC tested income”. (2) REPEAL OF TAX-FREE DEEMED RETURN ON FOREIGN… --- ## [Sec. 70322. Determination of deduction eligible income](https://forum.repealobbba.org/t/sec-70322-determination-of-deduction-eligible-income/224)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 21, 2025, 7:12pm UTC](https://forum.repealobbba.org/t/sec-70322-determination-of-deduction-eligible-income/224 "2025-07-21T19:12:00Z")
(a) Sales or other dispositions of certain property.— (1) IN GENERAL.—Section 250(b)(3)(A)(i) is amended— (A) by striking “and” at the end of subclause (V), (B) by striking “over” at the end of subclause (VI) and inse… --- ## [Sec. 70321. Modification of deduction for foreign-derived deduction eligible income and net CFC tested income](https://forum.repealobbba.org/t/sec-70321-modification-of-deduction-for-foreign-derived-deduction-eligible-income-and-net-cfc-tested-income/223)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 21, 2025, 7:09pm UTC](https://forum.repealobbba.org/t/sec-70321-modification-of-deduction-for-foreign-derived-deduction-eligible-income-and-net-cfc-tested-income/223 "2025-07-21T19:09:44Z")
(a) In general.—Section 250(a) is amended— (1) by striking “37.5 percent” in paragraph (1)(A) and inserting “33.34 percent”, (2) by striking “50 percent” in paragraph (1)(B) and inserting “40 percent”, and (3) by stri…