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United States · Bill · HR

H.R. 5167 (94th)

A bill to amend the Internal Revenue Code of 1954 to deny the business deduction for any amount paid or incurred for regularly scheduled air transportation to the extent such amount exceeds the normal tourist class fare for such transportation.

referredUnited States· United States Congress· EN

Introduced

19 March 1975

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Disallows, under the Internal Revenue Code, a deduction from gross income as a trade or business expense of any amount in excess of the normal tourist class fare expended for the transportation of any person by air on a regularly scheduled flight.

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Documents

1 official file

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Sources

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