117 HR 6392 IH: No Tax Breaks for Drug Ads Act U.S. House of Representatives 2022-01-13 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS2d SessionH. R. 6392IN THE HOUSE OF REPRESENTATIVESJanuary 13, 2022Ms. Slotkin (for herself and Mr. Trone) introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo amend the Internal Revenue Code of 1986 to deny the deduction for advertising and promotional expenses for prescription drugs.

1.

Short title

This Act may be cited as the No Tax Breaks for Drug Ads Act.

2.

Disallowance of deduction for advertising and promotional expenses for prescription drugs

(a)

In general

Part IX of subchapter B of chapter 1 of subtitle A of the Internal Revenue Code of 1986 (relating to items not deductible) is amended by adding at the end the following new section:

280I.

Disallowance of deduction for direct-to-consumer advertising of prescription drugs

(a)

In general

No deduction shall be allowed under this chapter for expenses relating to direct-to-consumer advertising of prescription drugs for any taxable year.(b)

Direct-to-Consumer advertising

For purposes of this section, the term direct-to-consumer advertising means any dissemination, by or on behalf of a sponsor of a prescription drug product (as such term is defined in section 735(3) of the Federal Food, Drug, and Cosmetic Act), of an advertisement which—(1)is in regard to such prescription drug product, and(2)primarily targeted to the general public, including through—(A)publication in journals, magazines, other periodicals, and newspapers,(B)broadcasting through media such as radio, television, and telephone communication systems, direct mail, and billboards, and(C)dissemination on the Internet or through digital platforms (including social media, mobile media, web applications, digital applications, mobile applications, and electronic applications).

.(b)

Conforming amendment

The table of sections for such part IX of the Internal Revenue Code of 1986 is amended by adding after the item relating to section 280H the following new item:Sec. 280I. Disallowance of deduction for direct-to-consumer advertising of prescription drugs..(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, in taxable years ending after such date.