To amend the Internal Revenue Code of 1986 to clarify the treatment of frequent flyer mileage awards.

Summary

Amends the Internal Revenue Code to prohibit, if an individual receives a frequent flier benefit as a result of the purchase in a trade or business of property or services: (1) including any amount in such individual's gross income as a result of receiving such benefit; (2) any deduction otherwise allowable for the purchase of such property or services from being reduced by reason of such benefit; and (3) any deduction allowable for the portion of any transportation purchase using such a benefit.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 February 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 4 February 1997

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• Introduced in House

  summary · EN · 4 February 1997

  Open at official source

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