[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Pages S4310-S4311]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 5306. 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
[[Page S4311]]
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 _--EXTENSION OF CERTAIN TAX PROVISIONS
SEC. 10_01. 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. 10_02. 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.
SEC. 10_03. ELIMINATION OF ADDITIONAL IRS FUNDING FOR
ENFORCEMENT.
Section 10301(a)(1)(A) of this Act is amended by striking
clause (ii).
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