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. Transfers to the Trust Fund the amount saved by reducing the business meal deduction. Appropriates funds from the National School Lunch Trust Fund to finance programs established under the National School Lunch Act and the Child Nutrition Act of 1966.

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Timeline

1. 29 January 1985

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 29 January 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 31 January 1985

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 29 January 1985

  Open at official source

Sponsors

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

Related records

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