United States · Bill · S
S. 418 (107th)
A bill to repeal the reduction in the deductible portion of expenses for business meals and entertainment.
Introduced
28 February 2001
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1712)
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Amends the Internal Revenue Code to repeal the 50 percent income tax deduction for business meal and entertainment expenses and replace it with an increasing percentage from 68 percent in calendar 2001 up to 80 percent in calendar 2003 and thereafter.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 28 February 2001
Introduced in Senate (PDF)
Introduced in Senate · EN · 28 February 2001
Introduced in Senate
summary · EN · 28 February 2001
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/418
- Open data entity: https://api.congress.gov/v3/bill/107/s/418