II 116th CONGRESS 2d Session S. 3296 IN THE SENATE OF THE UNITED STATES February 13, 2020 Mr. Toomey (for himself, Mr. Perdue , Mr. Tillis , Mr. Cruz , Mr. Rubio , Mr. Risch , Mr. Cramer , Mrs. Capito , Mr. Inhofe , Mr. Gardner , Mr. Portman , Mr. Braun , Mr. Scott of South Carolina , Mr. Moran , and Mr. Lankford ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, and for other purposes.