To amend the Internal Revenue Code of 1986 to restore the 80-percent deduction for meal and entertainment expenses.

Fact Sheet API

Bill Number

HR 3162

Introduced

Jun 30, 2005

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

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

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Votes

Summary

Amends the Internal Revenue Code to increase the tax deduction for meal and entertainment expenses to 80 percent (currently 50 percent) of such expenses.

Actions

Jun 30, 2005

Referred to the House Committee on Ways and Means.
Jun 30, 2005

Introduced in House

Amendments

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