A bill to amend the Internal Revenue Code of 1986 to repeal the reduction in the deductible portion of expenses for business meals and entertainment.

Fact Sheet API

Bill Number

S 1482

Introduced

Jul 29, 2003

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10145)

Sponsor

Cosponsors

Topics

Agriculture and Food Commerce Corporation taxes Costs Expense accounts Income tax Recreation Sports and Recreation Tax deductions Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to repeal the 50 percent income tax deduction for business meal and entertainment expenses and replace it with an increasing percentage from 68 percent in calendar 2001 up to 80 percent in calendar 2003 and thereafter.

Actions

Jul 29, 2003

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10145)
Jul 29, 2003

Sponsor introductory remarks on measure. (CR S10145)
Jul 29, 2003

Introduced in Senate

Amendments

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