[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Page S4344]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5445. Mr. KENNEDY submitted an amendment intended to be proposed 
by him 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 part 9 of subtitle D of title I and insert 
     the following:

     SEC. 1300_. 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.

     SEC. 13900_. 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, 2031'', and
       (2) by striking ``2025'' in the heading thereof and 
     inserting ``2030''.
       (b) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2022.
                                 ______