[Congressional Record Volume 167, Number 42 (Friday, March 5, 2021)]
[Senate]
[Page S1362]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1305. Mr. SCOTT of South Carolina (for himself and Mr. Daines) 
submitted an amendment intended to be proposed to amendment SA 891 
proposed by Mr. Schumer (for himself, Mr. Wyden, Mrs. Murray, Mr. 
Brown, Mr. Peters, Mr. Cardin, Ms. Cantwell, Ms. Stabenow, Mr. Tester, 
Mr. Menendez, Mr. Schatz, Mr. Carper, Mr. Leahy, and Mr. Sanders) to 
the bill H.R. 1319, to provide for reconciliation pursuant to title II 
of S. Con. Res. 5; which was ordered to lie on the table; as follows:

        At the end of subtitle G of title IX, insert the 
     following:

     SEC. 96__. DEDUCTION FOR QUALIFIED BUSINESS INCOME MADE 
                   PERMANENT.

       (a) In General.--Section 199A of the Internal Revenue Code 
     of 1986 is amended by striking subsection (i).
       (b) Effective Date.--The amendment made by this section 
     shall apply to taxable years beginning after December 31, 
     2020.

     SEC. 96___. PERMANENT EXTENSION OF LIMITATION ON DEDUCTION 
                   FOR STATE AND LOCAL, ETC., TAXES.

       (a) In General.--Paragraph (6) of section 164(b) of the 
     Internal Revenue Code of 1986 is amended--
       (1) by striking ``, and before January 1, 2026'', and
       (2) by striking ``2018 through 2025'' in the heading and 
     inserting ``after 2017''.
       (b) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2020.
                                 ______