[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 427 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 427

To amend the Internal Revenue Code of 1986 to restore the deduction for 
        lobbying expenses in connection with State legislation.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 12, 1997

Mr. Thomas (for himself and Mr. Shelby) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to restore the deduction for 
        lobbying expenses in connection with State legislation.

    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 LOBBYING EXPENSES IN CONNECTION 
              WITH STATE LEGISLATION.

    (a) In General.--Paragraph (2) of section 162(e) of the Internal 
Revenue Code of 1986 (relating to denial of deduction for certain 
lobbying and political activities) is amended--
            (1) by inserting ``any State legislature or of'' before 
        ``any local council'' in the material preceding subparagraph 
        (A), and
            (2) by striking ``such council'' in subparagraph (B)(i) and 
        inserting ``such legislature, council,''.
    (b) Clerical Amendment.--The paragraph heading of paragraph (2) of 
section 162(e) of such Code is amended by inserting ``state or'' before 
``local''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of the enactment of 
this Act.
                                 <all>