S.Amdt. 5442
What it does: Rewrites part 3 of subtitle A of title I
Sen. John Kennedy (R-LA)What it changes
1 change to H.R. 5376
Rewrites part 3 of subtitle A of title I
ReplacesRemoves part 3 of subtitle A of title I.
Inserted: PART 3--DEDUCTION FOR QUALIFIED BUSINESS INCOME
Inserted: SEC. 10301. EXTENSION OF DEDUCTION FOR QUALIFIED BUSINESS INCOME.
Inserted: (a) In General.--Section 199A(i) of the Internal Revenue Code of 1986 is amended by striking "2025" and inserting "2030".
Inserted: (b) Effective Date.--The amendment made by this section shall apply to taxable years beginning after December 31, 2022.
Original wording
Strike part 3 of subtitle A of title I and insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 5442. 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:
Strike part 3 of subtitle A of title I and insert the following:
PART 3--DEDUCTION FOR QUALIFIED BUSINESS INCOME
SEC. 10301. 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.
Legislative Activity
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Senate amendment submitted
August 6, 2022