To amend the Internal Revenue Code of 1986 to provide that the amount of any contribution to any No Net Cost Tobacco Fund or any No Net Cost Tobacco Account shall be treated as a deductible expense.

Summary

Amends the Internal Revenue Code to treat as a deductible expense not chargeable to a capital account any contribution to a No Net Cost Tobacco Fund or Account. Includes in the gross income of the taxpayer amounts subsequently received in connection with no cost tobacco expenditures.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 January 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 3 January 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1991

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1991

  Open at official source

Sponsors

• Rep. Neal, Stephen L. [D-NC-5] · D · Sponsor
• · hswm00 · Standing

Related records

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