S.Amdt. 1305

SA 1305. Mr. SCOTT of South Carolina (for himself and Mr. Daines)
submitted an amendment intended to be proposed to amendment SA 891
proposed by Mr. Schumer (for himself, Mr. Wyden, Mrs. Murray, Mr.
Brown, Mr. Peters, Mr. Cardin, Ms. Cantwell, Ms. Stabenow, Mr. Tester,
Mr. Menendez, Mr. Schatz, Mr. Carper, Mr. Leahy, and Mr. Sanders) to
the bill H.R. 1319, to provide for reconciliation pursuant to title II
of S. Con. Res. 5; which was ordered to lie on the table; as follows:

At the end of subtitle G of title IX, insert the
following:

SEC. 96__. DEDUCTION FOR QUALIFIED BUSINESS INCOME MADE
PERMANENT.

(a) In General.--Section 199A of the Internal Revenue Code
of 1986 is amended by striking subsection (i).
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2020.

SEC. 96___. 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 ``2018 through 2025'' in the heading and
inserting ``after 2017''.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2020.
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