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.

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.

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

Timeline

1. 2 February 1982

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 2 February 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 5 February 1982

   Committee

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 2 February 1982

  Open at official source

Sponsors

• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. Bentsen, Lloyd M. [D-TX] · D · Sponsor
• Sen. Wallop, Malcolm [R-WY] · R · Sponsor
• Sen. Mitchell, George J. [D-ME] · D · Sponsor
• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. Cohen, William S. [R-ME] · R · Sponsor
• Sen. Gorton, Slade [R-WA] · R · Sponsor
• Sen. Jackson, Henry M. [D-WA] · D · Sponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → 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.
• amends ← SAMDT 5614