Due to the 2017 Tax Cuts and Jobs Act, for companies owning less than 20 percent of another company, the tax exclusion was reduced from 70 to 50 percent.

Name: Due to the 2017 Tax Cuts and Jobs Act, for companies owning less than 20 percent of another company, the tax exclusion was reduced from 70 to 50 percent.
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The statement is true. The tax exclusion for companies owning less than 20 percent of another company was reduced from 70 to 50 percent under the 2017 Tax Cuts and Jobs Act.

Due to the 2017 Tax Cuts and Jobs Act, for Companies