[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1285 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1285

  To amend the Internal Revenue Code of 1986 to repeal the 50 percent 
 limitation on the amount of business meal and entertainment expenses 
                         which are deductible.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 1997

  Mr. Ensign 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 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 50 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 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 expenses paid or incurred after December 31, 1997, in taxable 
years ending after such date.
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