Growing and Preserving Innovation in America Act of 2025
Sponsored By: Representative Feenstra
Introduced
Summary
Sets the FDII deduction calculation at a 37.5% rate. This bill would change how the tax code computes the foreign-derived intangible income deduction by replacing the prior rate with 37.5 percent, effective on enactment.
Show full summary
- U.S. companies with foreign-derived intangible income, mainly exporters of intellectual property and services, would compute their FDII deduction using 37.5% instead of 50%, altering the amount deductible from their taxable income.
- Corporate tax departments and tax advisers would need to update calculations and tax filings to reflect the new 37.5% substitution immediately after enactment.
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Smaller tax break on foreign income for corporations
If enacted, U.S. corporations that claim the foreign-derived intangible income (FDII) deduction would get a smaller write-off. The bill would use 37.5% instead of 50% in the FDII calculation. This would raise taxable income and taxes for those companies. Roughly, tax would rise by 12.5% of the FDII base, times the corporate tax rate. The change would take effect on the date of enactment.
Free Policy Watch
You just read the policy. Now see what it costs you.
Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.
Pick a topic to get started
Sponsors & CoSponsors
Sponsor
Feenstra
IA • R
Cosponsors
Rep. Morelle, Joseph D. [D-NY-25]
NY • D
Sponsored 2/6/2025
Buchanan
FL • R
Sponsored 2/21/2025
Estes
KS • R
Sponsored 2/21/2025
Tenney
NY • R
Sponsored 2/21/2025
Rep. Miller, Max L. [R-OH-7]
OH • R
Sponsored 2/21/2025
Smucker
PA • R
Sponsored 3/11/2025
Jack
GA • R
Sponsored 4/17/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.govTake It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in