S.Amdt. 5264

SA 5264. Mr. CRUZ 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 part 1 of subtitle A of title I, add the
following:

SEC. 1010_. CERTAIN MANUFACTURERS EXEMPTED FROM CORPORATE
MINIMUM TAX.

(a) In General.--Section 59(k)(1), as added by section
10101, is amended by adding at the end the following new
subparagraph:
``(F) Exception for domestic manufacturers.--The term
`applicable corporation' shall not include any domestic
manufacturer.''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2022.
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