A bill to amend the Internal Revenue Code of 1986 to disallow a Federal income tax deduction for payments to the Federal Government or any State or local government in connection with any tobacco litigation or settlement and to use any increased Federal revenues to promote public health.

Summary

Amends the Internal Revenue Code to prohibit a deduction for any amount paid to the Federal Government or State or local government pursuant to any tobacco judgment or settlement. Establishes the National Institutes of Health Trust Fund for Health Research into which shall be deposited the net increase in revenues received attributable to the provisions of the preceding paragraph.

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

Timeline

1. 7 November 1997

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 7 November 1997

   Introduced

   Sponsor introductory remarks on measure. (CR S11993-11995)

   Source: IntroReferral

3. 7 November 1997

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 7 November 1997 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 November 1997

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 November 1997

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 7 November 1997

  Open at official source

Sponsors

• Sen. Mack, Connie, III [R-FL] · R · Sponsor
• Rep. Harkin, Tom [D-IA-5] · D · Sponsor
• Rep. DeWine, Mike [R-OH-7] · R · Sponsor
• Sen. Santorum, Rick [R-PA] · R · Sponsor
• Susan Collins · R · Sponsor
• Rep. Snowe, Olympia J. [R-ME-2] · R · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Smith, Gordon H. [R-OR] · R · Sponsor
• Rep. Boxer, Barbara [D-CA-6] · D · Sponsor
• Sen. Kennedy, Edward M. [D-MA] · D · Sponsor
• Sen. Feinstein, Dianne [D-CA] · D · Sponsor
• Sen. Lautenberg, Frank R. [D-NJ] · D · Sponsor
• Sen. Graham, Bob [D-FL] · D · Sponsor
• Rep. Dodd, Christopher J. [D-CT-2] · D · Sponsor
• Richard Durbin · D · Sponsor
• Sen. Wellstone, Paul D. [D-MN] · D · Sponsor
• · ssfi00 · Standing

Related records

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