S.Amdt. 5257

SA 5257. Mr. DAINES submitted an amendment intended to be proposed to
amendment SA 5194 submitted by Mr. Schumer and intended to be proposed
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 subtitle A of title I, add the following:

PART _--OTHER PROVISIONS

SEC. 10__01. 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 ``taxable years 2018 through 2025'' in the
heading.
(b) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2022.

SEC. 10_01. 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.
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