II 118th CONGRESS 1st Session S. 1117 IN THE SENATE OF THE UNITED STATES March 30, 2023 Mr. Lankford (for himself, Mr. Risch , Mr. Rubio , Mr. Barrasso , Mr. Braun , Mrs. Blackburn , Mr. Young , Mr. Daines , Mr. Boozman , Mr. Thune , and Mr. Scott of South Carolina ) 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.