A bill to amend the Internal Revenue Code of 1954 to deny the deduction of any expenditure of any oil company for advertising not directly related to the sale of products or services.

referredUnited States· United States Congress· EN

Introduced

24 March 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to limit the advertising expense deduction from gross income for oil companies to amounts paid or incurred for advertisements whose purpose is solely the sale of products or services. States that this Act shall not be construed as affecting the allowance as a deduction of expenditures relating to appearances, et cetera, with respect to legislation.

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Documents

1 official file

Introduced in House
summary · EN · 24 March 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/6901
Open data entity: https://api.congress.gov/v3/bill/96/hr/6901