[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1541 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 1541

To amend the Internal Revenue Code of 1986 to restore the deduction for 
                   business meals and entertainment.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 22, 1999

  Mr. Saxton 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 restore the deduction for 
                   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. RESTORATION OF DEDUCTION FOR BUSINESS MEALS AND 
              ENTERTAINMENT AND FOR TRAVEL EXPENSES OF SPOUSES AND 
              OTHERS ACCOMPANYING THE TAXPAYER ON BUSINESS.

    (a) In General.--Subsection (n) of section 274 of the Internal 
Revenue Code of 1986 (relating to only 50 percent of meal and 
entertainment expenses allowed as deduction) is hereby repealed.
    (b) Effective Date.--The repeal made by this section shall apply to 
taxable years beginning after December 31, 1999.
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