# \#SUBCHAPTER-D—PERMANENT-INVESTMENTS-SMALL-BUSINESS **URL:** https://forum.repealobbba.org/tag/subchapter-d-permanent-investments-small-business/536.md [Latest](https://forum.repealobbba.org/latest.md) · [Categories](https://forum.repealobbba.org/categories.md) · [Tags](https://forum.repealobbba.org/tags.md) --- ## [Sec. 70431. Expansion of qualified small business stock gain exclusion | Impact](https://forum.repealobbba.org/t/sec-70431-expansion-of-qualified-small-business-stock-gain-exclusion-impact/929)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 5:04pm UTC](https://forum.repealobbba.org/t/sec-70431-expansion-of-qualified-small-business-stock-gain-exclusion-impact/929 "2025-08-17T17:04:25Z")
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. 70432. Repeal of revision to de minimis rules for third party network transactions | Impact](https://forum.repealobbba.org/t/sec-70432-repeal-of-revision-to-de-minimis-rules-for-third-party-network-transactions-impact/930)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 5:05pm UTC](https://forum.repealobbba.org/t/sec-70432-repeal-of-revision-to-de-minimis-rules-for-third-party-network-transactions-impact/930 "2025-08-17T17:05:16Z")
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. 70433. Increase in threshold for requiring information reporting with respect to certain payees | Impact](https://forum.repealobbba.org/t/sec-70433-increase-in-threshold-for-requiring-information-reporting-with-respect-to-certain-payees-impact/931)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 5:06pm UTC](https://forum.repealobbba.org/t/sec-70433-increase-in-threshold-for-requiring-information-reporting-with-respect-to-certain-payees-impact/931 "2025-08-17T17:06:33Z")
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. 70434. Treatment of certain qualified sound recording productions | Impact](https://forum.repealobbba.org/t/sec-70434-treatment-of-certain-qualified-sound-recording-productions-impact/932)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 5:07pm UTC](https://forum.repealobbba.org/t/sec-70434-treatment-of-certain-qualified-sound-recording-productions-impact/932 "2025-08-17T17:07:29Z")
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. 70435. Exclusion of interest on loans secured by rural or agricultural real property | Impact](https://forum.repealobbba.org/t/sec-70435-exclusion-of-interest-on-loans-secured-by-rural-or-agricultural-real-property-impact/933)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 5:08pm UTC](https://forum.repealobbba.org/t/sec-70435-exclusion-of-interest-on-loans-secured-by-rural-or-agricultural-real-property-impact/933 "2025-08-17T17:08:10Z")
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. 70436. Reduction of transfer and manufacturing taxes for certain devices | Impact](https://forum.repealobbba.org/t/sec-70436-reduction-of-transfer-and-manufacturing-taxes-for-certain-devices-impact/934)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 5:08pm UTC](https://forum.repealobbba.org/t/sec-70436-reduction-of-transfer-and-manufacturing-taxes-for-certain-devices-impact/934 "2025-08-17T17:08:57Z")
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. 70437. Treatment of capital gains from the sale of certain farmland property | Impact](https://forum.repealobbba.org/t/sec-70437-treatment-of-capital-gains-from-the-sale-of-certain-farmland-property-impact/935)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 5:09pm UTC](https://forum.repealobbba.org/t/sec-70437-treatment-of-capital-gains-from-the-sale-of-certain-farmland-property-impact/935 "2025-08-17T17:09:48Z")
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. 70438. Extension of rules for treatment of certain disaster-related personal casualty losses | Impact](https://forum.repealobbba.org/t/sec-70438-extension-of-rules-for-treatment-of-certain-disaster-related-personal-casualty-losses-impact/936)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 5:10pm UTC](https://forum.repealobbba.org/t/sec-70438-extension-of-rules-for-treatment-of-certain-disaster-related-personal-casualty-losses-impact/936 "2025-08-17T17:10:26Z")
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. 70439. Restoration of taxable REIT subsidiary asset test | Impact](https://forum.repealobbba.org/t/sec-70439-restoration-of-taxable-reit-subsidiary-asset-test-impact/937)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 17, 2025, 5:11pm UTC](https://forum.repealobbba.org/t/sec-70439-restoration-of-taxable-reit-subsidiary-asset-test-impact/937 "2025-08-17T17:11:15Z")
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. 70431. Expansion of qualified small business stock gain exclusion | Law as Amended](https://forum.repealobbba.org/t/sec-70431-expansion-of-qualified-small-business-stock-gain-exclusion-law-as-amended/618)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 3:58pm UTC](https://forum.repealobbba.org/t/sec-70431-expansion-of-qualified-small-business-stock-gain-exclusion-law-as-amended/618 "2025-08-01T15:58:21Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70432. Repeal of revision to de minimis rules for third party network transactions | Law as Amended](https://forum.repealobbba.org/t/sec-70432-repeal-of-revision-to-de-minimis-rules-for-third-party-network-transactions-law-as-amended/619)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:00pm UTC](https://forum.repealobbba.org/t/sec-70432-repeal-of-revision-to-de-minimis-rules-for-third-party-network-transactions-law-as-amended/619 "2025-08-01T16:00:48Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70433. Increase in threshold for requiring information reporting with respect to certain payees | Law as Amended](https://forum.repealobbba.org/t/sec-70433-increase-in-threshold-for-requiring-information-reporting-with-respect-to-certain-payees-law-as-amended/620)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:01pm UTC](https://forum.repealobbba.org/t/sec-70433-increase-in-threshold-for-requiring-information-reporting-with-respect-to-certain-payees-law-as-amended/620 "2025-08-01T16:01:41Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70434. Treatment of certain qualified sound recording productions | Law as Amended](https://forum.repealobbba.org/t/sec-70434-treatment-of-certain-qualified-sound-recording-productions-law-as-amended/621)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:02pm UTC](https://forum.repealobbba.org/t/sec-70434-treatment-of-certain-qualified-sound-recording-productions-law-as-amended/621 "2025-08-01T16:02:58Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70435. Exclusion of interest on loans secured by rural or agricultural real property | Law as Amended](https://forum.repealobbba.org/t/sec-70435-exclusion-of-interest-on-loans-secured-by-rural-or-agricultural-real-property-law-as-amended/622)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:09pm UTC](https://forum.repealobbba.org/t/sec-70435-exclusion-of-interest-on-loans-secured-by-rural-or-agricultural-real-property-law-as-amended/622 "2025-08-01T16:09:15Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70436. Reduction of transfer and manufacturing taxes for certain devices | Law as Amended](https://forum.repealobbba.org/t/sec-70436-reduction-of-transfer-and-manufacturing-taxes-for-certain-devices-law-as-amended/623)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:10pm UTC](https://forum.repealobbba.org/t/sec-70436-reduction-of-transfer-and-manufacturing-taxes-for-certain-devices-law-as-amended/623 "2025-08-01T16:10:25Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70437. Treatment of capital gains from the sale of certain farmland property | Law as Amended](https://forum.repealobbba.org/t/sec-70437-treatment-of-capital-gains-from-the-sale-of-certain-farmland-property-law-as-amended/624)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:12pm UTC](https://forum.repealobbba.org/t/sec-70437-treatment-of-capital-gains-from-the-sale-of-certain-farmland-property-law-as-amended/624 "2025-08-01T16:12:00Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70438. Extension of rules for treatment of certain disaster-related personal casualty losses | Law as Amended](https://forum.repealobbba.org/t/sec-70438-extension-of-rules-for-treatment-of-certain-disaster-related-personal-casualty-losses-law-as-amended/625)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:13pm UTC](https://forum.repealobbba.org/t/sec-70438-extension-of-rules-for-treatment-of-certain-disaster-related-personal-casualty-losses-law-as-amended/625 "2025-08-01T16:13:24Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [Sec. 70439. Restoration of taxable REIT subsidiary asset test | Law as Amended](https://forum.repealobbba.org/t/sec-70439-restoration-of-taxable-reit-subsidiary-asset-test-law-as-amended/626)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [August 1, 2025, 4:15pm UTC](https://forum.repealobbba.org/t/sec-70439-restoration-of-taxable-reit-subsidiary-asset-test-law-as-amended/626 "2025-08-01T16:15:57Z")
This post is a wiki post, please jump in or reply with your comments. --- ## [SUBCHAPTER D—PERMANENT INVESTMENTS IN SMALL BUSINESS AND RURAL AMERICA](https://forum.repealobbba.org/t/subchapter-d-permanent-investments-in-small-business-and-rural-america/273)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 2:44am UTC](https://forum.repealobbba.org/t/subchapter-d-permanent-investments-in-small-business-and-rural-america/273 "2025-07-22T02:44:05Z")
SEC. 70431. Expansion of qualified small business stock gain exclusion. (a) Phased increase in exclusion for gain from qualified small business stock.— (1) IN GENERAL.—Section 1202(a)(1) is amended to read as follows: … --- ## [Sec. 70439. Restoration of taxable REIT subsidiary asset test](https://forum.repealobbba.org/t/sec-70439-restoration-of-taxable-reit-subsidiary-asset-test/272)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 2:42am UTC](https://forum.repealobbba.org/t/sec-70439-restoration-of-taxable-reit-subsidiary-asset-test/272 "2025-07-22T02:42:26Z")
(a) In general.—Section 856(c)(4)(B)(ii) is amended by striking “20 percent” and inserting “25 percent”. (b) Effective date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2… --- ## [Sec. 70438. Extension of rules for treatment of certain disaster-related personal casualty losses](https://forum.repealobbba.org/t/sec-70438-extension-of-rules-for-treatment-of-certain-disaster-related-personal-casualty-losses/271)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 2:41am UTC](https://forum.repealobbba.org/t/sec-70438-extension-of-rules-for-treatment-of-certain-disaster-related-personal-casualty-losses/271 "2025-07-22T02:41:07Z")
For purposes of applying section 304(b) of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (division EE of Public Law 116–260), section 301 of such Act shall be applied by substituting the date of the enactmen… --- ## [Sec. 70437. Treatment of capital gains from the sale of certain farmland property](https://forum.repealobbba.org/t/sec-70437-treatment-of-capital-gains-from-the-sale-of-certain-farmland-property/270)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 2:05am UTC](https://forum.repealobbba.org/t/sec-70437-treatment-of-capital-gains-from-the-sale-of-certain-farmland-property/270 "2025-07-22T02:05:49Z")
(a) In general.—Part IV of subchapter O of chapter 1 is amended by redesignating section 1062 as section 1063 and by inserting after section 1061 the following new section: “SEC. 1062. Gain from the sale or exchange of … --- ## [Sec. 70436. Reduction of transfer and manufacturing taxes for certain devices](https://forum.repealobbba.org/t/sec-70436-reduction-of-transfer-and-manufacturing-taxes-for-certain-devices/269)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 2:04am UTC](https://forum.repealobbba.org/t/sec-70436-reduction-of-transfer-and-manufacturing-taxes-for-certain-devices/269 "2025-07-22T02:04:36Z")
(a) Transfer tax.—Section 5811(a) is amended to read as follows: “(a) Rate.—There shall be levied, collected, and paid on firearms transferred a tax at the rate of— “(1) $200 for each firearm transferred in the case of… --- ## [Sec. 70435. Exclusion of interest on loans secured by rural or agricultural real property](https://forum.repealobbba.org/t/sec-70435-exclusion-of-interest-on-loans-secured-by-rural-or-agricultural-real-property/268)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 2:02am UTC](https://forum.repealobbba.org/t/sec-70435-exclusion-of-interest-on-loans-secured-by-rural-or-agricultural-real-property/268 "2025-07-22T02:02:27Z")
(a) In general.—Part III of subchapter B of chapter 1, as amended by the preceding provisions of this Act, is amended by inserting after section 139K the following new section: “SEC. 139L. Interest on loans secured by r… --- ## [Sec. 70434. Treatment of certain qualified sound recording productions](https://forum.repealobbba.org/t/sec-70434-treatment-of-certain-qualified-sound-recording-productions/267)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 2:01am UTC](https://forum.repealobbba.org/t/sec-70434-treatment-of-certain-qualified-sound-recording-productions/267 "2025-07-22T02:01:20Z")
(a) Election to treat costs as expenses.—Section 181(a)(1) is amended by striking “qualified film or television production, and any qualified live theatrical production,” and inserting “qualified film or television produ… --- ## [Sec. 70433. Increase in threshold for requiring information reporting with respect to certain payees](https://forum.repealobbba.org/t/sec-70433-increase-in-threshold-for-requiring-information-reporting-with-respect-to-certain-payees/266)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 1:56am UTC](https://forum.repealobbba.org/t/sec-70433-increase-in-threshold-for-requiring-information-reporting-with-respect-to-certain-payees/266 "2025-07-22T01:56:28Z")
(a) In general.—Section 6041(a) is amended by striking “$600” and inserting “$2,000”. (b) Inflation adjustment.—Section 6041 is amended by adding at the end the following new subsection: “(h) Inflation adjustment.—In t… --- ## [Sec. 70432. Repeal of revision to de minimis rules for third party network transactions](https://forum.repealobbba.org/t/sec-70432-repeal-of-revision-to-de-minimis-rules-for-third-party-network-transactions/265)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 1:32am UTC](https://forum.repealobbba.org/t/sec-70432-repeal-of-revision-to-de-minimis-rules-for-third-party-network-transactions/265 "2025-07-22T01:32:58Z")
(a) Reinstatement of exception for de minimis payments as in effect prior to enactment of American Rescue Plan Act of 2021.— (1) IN GENERAL.—Section 6050W(e) is amended to read as follows: “(e) Exception for de minimis… --- ## [Sec. 70431. Expansion of qualified small business stock gain exclusion](https://forum.repealobbba.org/t/sec-70431-expansion-of-qualified-small-business-stock-gain-exclusion/264)
**Author:** [@editor](https://forum.repealobbba.org/u/editor)\ **Replies:** 0\ **Last updated:** [July 22, 2025, 1:30am UTC](https://forum.repealobbba.org/t/sec-70431-expansion-of-qualified-small-business-stock-gain-exclusion/264 "2025-07-22T01:30:59Z")
(a) Phased increase in exclusion for gain from qualified small business stock.— (1) IN GENERAL.—Section 1202(a)(1) is amended to read as follows: “(1) IN GENERAL.— In the case of a taxpayer other than a corporation, gr…