A bill to amend the Internal Revenue Code of 1986 to limit deductions for advertising and promotional expenses for tobacco products, and to use the resulting revenues for advertising expenditures to persuade individuals not to use tobacco products, and for other purposes.

Summary

Amends the Internal Revenue Code to limit (reduces by half) the deduction for tobacco advertising and promotional expenses. Establishes in the Treasury a Trust Fund to Reduce Tobacco Use and requires 40 percent of the net increase in revenues attributable to such limitation to be transferred to such Fund. Makes amounts in the Fund available for distribution to each State to fund advertising programs designed to persuade individuals not to use tobacco products.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 17 March 1993

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 17 March 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 17 March 1993

  Open at official source

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