A bill to amend the Internal Revenue Code of 1954 to reduce the deduction for business meals and to earmark the savings from such reduction for the school lunch programs.

Summary

Amends the Internal Revenue Code to reduce the income tax deduction for business meals by 30 percent. Establishes a "National School Lunch Trust Fund" in the Treasury. Funds the Trust with the amount saved by reducing the business meal deduction. Finances programs established under the National School Lunch Act and the Child Nutrition Act of 1966 with funds appropriated from the National School Lunch Trust Fund.

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

Timeline

1. 15 November 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 15 November 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 22 November 1983

   Committee

   Committee on Finance requested executive comment from OMB, Treasury 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 · 15 November 1983

  Open at official source

Sponsors

• Sen. Hart, Gary W. [D-CO] · D · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.