To amend the Internal Revenue Code of 1986 to disallow any deduction for amounts paid or incurred for certain prescription-related advertisements, and for other purposes.

Summary

Amends the Internal Revenue Code to disallow a trade or business expense deduction for amounts paid or incurred with respect to prescription-related advertisements that have not been reviewed and approved by the Food and Drug Administration or a qualified nongovernmental review board. Denies tax-exemption to organizations that publish medical journals with such advertisements that have not been subject to such review and approval.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 24 June 1992

  Open at official source

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