[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 974 Introduced in House (IH)]

  1st Session
                                H. R. 974

  To amend the Internal Revenue Code of 1986 to restore a 100 percent 
 deduction for business meals and entertainment and the deduction for 
the travel expenses of spouses and others accompanying the taxpayer on 
                               business.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 16, 1995

 Mr. Abercrombie (for himself, Mr. Oberstar, and Mr. Roth) introduced 
  the following bill; which was referred to the Committee on Ways and 
                                 Means

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to restore a 100 percent 
 deduction for business meals and entertainment and the deduction for 
the travel expenses of spouses and others accompanying the taxpayer on 
                               business.

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

SECTION 1. RESTORATION OF DEDUCTION FOR BUSINESS MEALS AND 
              ENTERTAINMENT AND FOR TRAVEL EXPENSES OF SPOUSES AND 
              OTHERS ACCOMPANYING THE TAXPAYER ON BUSINESS.

    (a) Restoration of Deduction for Business Meals and 
Entertainment.--
            (1) General rule.--Paragraph (1) of section 274(n) of the 
        Internal Revenue Code of 1986 (relating to only 50 percent of 
        meal and entertainment expenses allowed as deduction) is 
        amended by striking ``50 percent'' and inserting ``100 
        percent''.
            (2) Conforming amendment.--The subsection heading for 
        section 274(n) of such Code is amended by striking ``50'' and 
        inserting ``100''.
            (3) Effective date.--The amendments made by this subsection 
        shall apply to taxable years beginning after December 31, 1994.
    (b) Repeal of Special Limitation on Deduction for Travel Expenses 
of Spouses, Etc.--
            (1) In general.--Subsection (m) of section 274 of such Code 
        is amended by striking paragraph (3).
            (2) Effective date.--The amendment made by this subsection 
        shall apply to amounts paid or incurred after December 31, 
        1994.
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