[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Page S4310]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 5305. Mr. CORNYN submitted an amendment intended to be proposed to
amendment SA 5194 proposed by Mr. Schumer 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:
In subtitle A of title I, strike part 3 and insert the
following:
PART 3--EXTENSION OF CERTAIN TAX PROVISIONS
SEC. 10301. EXTENSION OF LIMITATION ON DEDUCTION FOR STATE
AND LOCAL TAXES.
(a) In General.--Section 164(b)(6) of the Internal Revenue
Code of 1986 is amended--
(1) by striking ``January 1, 2026'' and inserting ``January
1, 2028'', and
(2) by striking ``2025'' in the heading thereof and
inserting ``2027''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2022.
SEC. 10302. EXTENSION OF SPECIAL RULES FOR CHILD TAX CREDIT.
(a) In General.--Section 24(h) of the Internal Revenue Code
of 1986 is amended--
(1) by striking ``January 1, 2026'' in paragraph (1) and
inserting ``January 1, 2028'', and
(2) by striking ``2025'' in the heading thereof and
inserting ``2027''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2022.
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