[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2734 Introduced in House (IH)]


104th CONGRESS
  1st Session
                                H. R. 2734

  To amend the Internal Revenue Code of 1986 to repeal the 50-percent 
            limitation on business meals and entertainment.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 6, 1995

  Mr. Zimmer 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 50-percent 
            limitation on business meals and entertainment.

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

SECTION 1. REPEAL OF 50-PERCENT LIMITATION ON BUSINESS MEALS AND 
              ENTERTAINMENT.

    (a) In General.--Section 274 of the Internal Revenue Code of 1986 
is amended by striking subsection (n) (relating to only 50 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 taxable years beginning after December 31, 1995.
                                 <all>