[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1212 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1212

  To amend the Internal Revenue Code of 1986 to repeal the 80 percent 
 limitation on the amount of business meal and entertainment expenses 
                         which are deductible.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 3, 1993

 Mrs. Vucanovich introduced the following bill; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to repeal the 80 percent 
 limitation on the amount of business meal and entertainment expenses 
                         which are deductible.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF 80 PERCENT LIMITATION ON DEDUCTION FOR BUSINESS 
              MEAL AND ENTERTAINMENT EXPENSES.

    (a) In General.--Section 274 of the Internal Revenue Code of 1986 
is amended by striking subsection (n) (relating to only 80 percent of 
meal and entertainment expenses allowed as deduction) and by 
redesignating subsection (o) as subsection (n).
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to expenses paid or incurred after the date of the enactment of 
this Act in taxable years ending after such date.

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