[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 5301. Mr. GRAHAM 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:
Strike part 6 of subtitle D of title I and insert the
following:
PART 6--LIMITATION ON DEDUCTION FOR STATE AND LOCAL TAXES
SEC. 13601. EXTENSION OF LIMITATION ON DEDUCTION FOR STATE
AND LOCAL, ETC., TAXES.
(a) In General.--Section 164(b)(6) is amended by striking
``2026'' and inserting ``2027''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2022.
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