A bill to amend the Internal Revenue Code of 1986 to treat certain meals provided by an employer as de minimis fringe benefits.

Summary

Amends the Internal Revenue Code to provide that if an employer does not operate an on-premises eating facility for employees, 50 percent of the employer's share of an off-premises meal furnished to an employee shall be treated as a de minimis fringe benefit (not includible in the employee's income), provided that: (1) the employer pays no more than one-third of the cost of the meal; (2) a maximum of one meal per working day is provided; and (3) the meal is furnished during normal business hours.

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Timeline

1. 1 March 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 1 March 1988

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 1 March 1988

  Open at official source

Sponsors

• Sen. Pryor, David H. [D-AR] · D · Sponsor
• · ssfi00 · Standing

Related records

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