The deduction ends after tax year 2028
What the document says“No deduction shall be allowed under this section for any taxable year beginning after December 31, 2028.”
The section ends the deduction for any taxable year beginning after December 31, 2028.
What the document actually says“No deduction shall be allowed under this section for any taxable year beginning after December 31, 2028.”
That sentence, in plain words
No break is given for a tax year that begins after December 31, 2028.
What this is about
So the deduction runs for four tax years. Congress must act again to keep it. The end date is fixed in the law.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.