[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7597]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 1729. Mr. HATCH submitted an amendment intended to be proposed to
amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for himself
and Ms. Murkowski)) to the bill H.R. 1, to provide for reconciliation
pursuant to titles II and V of the concurrent resolution on the budget
for fiscal year 2018; which was ordered to lie on the table; as
follows:
Strike section 13305 and insert the following:
SEC. 13305. REPEAL OF DEDUCTION FOR INCOME ATTRIBUTABLE TO
DOMESTIC PRODUCTION ACTIVITIES.
(a) Repeal.--
(1) Noncorporate taxpayers.--Section 199 is amended by
adding at the end the following new subsection:
``(e) Termination for Taxpayers Other Than Corporations.--
In the case of a taxpayer other than a C corporation, this
section shall not apply to any taxable year beginning after
December 31, 2017.''.
(2) All other taxpayers.--Part VI of subchapter B of
chapter 1, as amended by paragraph (1), is amended by
striking section 199 (and by striking the item relating to
such section in the table of sections for such part).
(b) Conforming Amendments.--
(1) Sections 74(d)(2)(B), 86(b)(2)(A), 135(c)(4)(A),
137(b)(3)(A), 219(g)(3)(A)(ii), 221(b)(2)(C), 222(b)(2)(C),
246(b)(1), and 469(i)(3)(F)(iii) are each amended by striking
``199,''.
(2) Section 170(b)(2)(D), as amended by section 11011, is
amended by striking clause (iv) and by redesignating clauses
(v) and (vi) as redesignating clauses (iv) as clause (v),
respectively.
(3) Section 172(d) is amended by striking paragraph (7).
(4) Section 613(a) is amended by striking ``and without the
deduction under section 199''.
(5) Section 613A(d)(1) is amended by striking subparagraph
(B) and by redesignating subparagraphs (C), (D), and (E) as
subparagraphs (B), (C), and (D).
(c) Effective Date.--
(1) In general.--Except as provided in paragraph (2), the
amendments made by this section shall apply to taxable years
beginning after December 31, 2018.
(2) Termination for noncorporate taxpayers.--The amendment
made by subsection (a)(1) shall apply to taxable years
beginning after December 31, 2017.
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