[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Page S4250]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5257. Mr. DAINES submitted an amendment intended to be proposed to 
amendment SA 5194 submitted by Mr. Schumer and intended to be proposed 
to the bill H.R. 5376, to provide for reconciliation pursuant to title 
II of S. Con. Res. 14; which was ordered to lie on the table; as 
follows:

       At the end of subtitle A of title I, add the following:

                        PART _--OTHER PROVISIONS

     SEC. 10__01. 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 ``taxable years 2018 through 2025'' in the 
     heading.
       (b) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2022.

     SEC. 10_01. EXTENSION OF DEDUCTION FOR QUALIFIED BUSINESS 
                   INCOME.

       (a) In General.--Section 199A(i) of the Internal Revenue 
     Code of 1986 is amended by striking ``2025'' and inserting 
     ``2030''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to taxable years beginning after December 31, 
     2022.
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