[Congressional Record Volume 167, Number 145 (Tuesday, August 10, 2021)]
[Senate]
[Page S6335]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3280. Mr. BOOZMAN submitted an amendment intended to be proposed 
by him to the concurrent resolution S. Con. Res. 14, setting forth the 
congressional budget for the United States Government for fiscal year 
2022 and setting forth the appropriate budgetary levels for fiscal 
years 2023 through 2031; which was ordered to lie on the table; as 
follows:

       At the end of title III, add the following:

     SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO 
                   PROHIBITING A REPEAL OR CHANGE TO THE DEFERRAL 
                   OF GAINS FROM LIKE-KIND EXCHANGES UNDER SECTION 
                   1031 OF THE INTERNAL REVENUE CODE OF 1986.

       The Chairman of the Committee on the Budget of the Senate 
     may revise the allocations of a committee or committees, 
     aggregates, and other appropriate levels in this resolution, 
     and make adjustments to the pay-as-you-go ledger, for one or 
     more bills, joint resolutions, amendments, amendments between 
     the Houses, motions, or conference reports relating to 
     Federal tax law, which may include preventing any repeal of 
     or change in the rules regarding the deferral of gains from 
     like-kind exchanges under section 1031 of the Internal 
     Revenue Code of 1986, by the amounts provided in such 
     legislation for those purposes, provided that such 
     legislation would not increase the deficit over either the 
     period of the total of fiscal years 2022 through 2026 or the 
     period of the total of fiscal years 2022 through 2031.
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