S.Amdt. 2540

SA 2540. Mr. MULLIN submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ____. LIMITATION ON DRAWBACK OF TAXES PAID WITH RESPECT
TO SUBSTITUTED MERCHANDISE.

Effective for claims filed on or after July 1, 2026, for
purposes of drawback of internal revenue tax imposed under
chapter 52 of the Internal Revenue Code of 1986, the amount
of drawback granted under such Code, or the Tariff Act of
1930, on the export or destruction of substituted merchandise
may not exceed the amount of taxes paid (and not returned by
refund, credit, or drawback) on the substituted merchandise.
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