"The application of Section 162(m) to a corporation's distributive share of a subsidiary partnership's deduction for compensation expenses ... is effective with respect to any compensation paid after December 18, 2020, unless such compensation is paid pursuant to a written, binding contract in effect on (and not materially modified after) December 20, 2019. The definition of 'covered employee' applies to all taxable years ending on or after September 10, 2018, unless the publicly held corporation's fiscal year and tax year do not end on the same date, in which case it applies to all tax years ending on or after December 20, 2019."  MORE >>