A bill to amend the Internal Revenue Code of 1954 to deny the deduction for amounts paid or incurred for certain advertisements carried by certain foreign broadcast undertakings.

reportedUnited States· United States Congress· EN

Introduced

6 October 1983

Last action

—

Status

Committee on Finance. Provisions of measure incorporated into measure H.R. 3398 ordered to be reported.

Summary

Amends the Internal Revenue Code to prohibit a business expense deduction for advertisements placed with a foreign broadcast station and directed to a market in the United States if a similar deduction is denied in the country in which such station is located for an advertisement placed with a U.S. broadcast station and directed to a market in that country.

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Documents

1 official file

Introduced in Senate
summary · EN · 6 October 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/senate-bill/1940
Open data entity: https://api.congress.gov/v3/bill/98/s/1940