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139 STAT. 188 PUBLIC LAW 119–21—JULY 4, 2025 ‘‘SEC. 6659. IMPROPER CLAIM FOR TRUMP ACCOUNT CONTRIBUTION PILOT PROGRAM CREDIT. ‘‘(a) IN GENERAL.—In the case of any individual who makes an election under section 6434 with respect to an individual who is not an eligible child of the taxpayer— ‘‘(1) if such election was made due to negligence or dis- regard of the rules or regulations, there shall be imposed a penalty of $500, or ‘‘(2) if such election was made due to fraud, there shall be imposed a penalty of $1,000. ‘‘(b) DEFINITIONS.— ‘‘(1) ELIGIBLE CHILD.—The term ‘eligible child’ has the meaning given such term under section 6434. ‘‘(2) NEGLIGENCE; DISREGARD.—The terms ‘negligence’ and ‘disregard’ have the same meaning as when such terms are used in section 6662.’’. (3) OMISSION OF CORRECT SOCIAL SECURITY NUMBER TREATED AS MATHEMATICAL OR CLERICAL ERROR.—Section 6213(g)(2), as amended by the preceding provisions of this Act, is amended by striking ‘‘and’’ at the end of subparagraph (Y), by striking the period at the end of subparagraph (Z) and inserting ‘‘, and’’, and by inserting after subparagraph (Z) the following new subparagraph: ‘‘(AA) an omission of a correct social security number required under section 6434(e)(1) (relating to the Trump accounts contribution pilot program).’’. (4) CONFORMING AMENDMENTS.— (A) The table of sections for subchapter B of chapter 65 is amended by adding at the end the following new item: ‘‘Sec. 6434. Trump accounts contribution pilot program.’’. (B) The table of sections for part I of subchapter A of chapter 68 is amended by inserting after the item relating to section 6658 the following new item: ‘‘Sec. 6659. Improper claim for Trump account contribution pilot program credit.’’. (e) EFFECTIVE DATE.—The amendments made by this section shall apply to taxable years beginning after December 31, 2025. (f) FUNDING.—In addition to amounts otherwise available, there is appropriated to the Department of the Treasury, out of any money in the Treasury not otherwise appropriated, $410,000,000, to remain available until September 30, 2034, to carry out the amendments made by this section. CHAPTER 3—ESTABLISHING CERTAINTY AND COMPETITIVENESS FOR AMERICAN JOB CREATORS Subchapter A—Permanent U.S. Business Tax Reform and Boosting Domestic Investment SEC. 70301. FULL EXPENSING FOR CERTAIN BUSINESS PROPERTY. (a) MADE PERMANENT.— (1) IN GENERAL.—Section 168(k)(2)(A) is amended by adding ‘‘and’’ at the end of clause (i), by striking ‘‘, and’’ at the end of clause (ii) and inserting a period, and by striking clause (iii). Applicability. Expiration date. 26 USC 128 note. 26 USC prec. 6651. 26 USC prec. 6411. 26 USC 6659.