Section 217. Interest Expense.--Notwithstanding section 401(3)1(a) of the act of March 4, 1971 (P.L.6, No.2), known as the "Tax Reform Code of 1971," for tax years beginning after December 31, 2024, taxable income as defined by section 401(3) of the "Tax Reform Code of 1971," shall be calculated as if section 163(j) of the Internal Revenue Code of 1986 (26 U.S.C. § 163(j)) applied as section 163(j) of the Internal Revenue Code of 1986 was in effect on December 31, 2024.
(217 added Nov. 12, 2025, P.L.156, No.45)