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 broadcasting undertakings.

openUnited States· United States Congress· EN

Introduced

2 February 1982

Last action

—

Status

Committee on Finance requested executive comment from OMB; Treasury Department; State Department.

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 · 2 February 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/2051
Open data entity: https://api.congress.gov/v3/bill/97/s/2051