US SB907 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 5 2011 - 25% progression, died in committee
Action: 2011-05-05 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2743-2744)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 5 2011 - 25% progression, died in committee
Action: 2011-05-05 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2743-2744)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to increase the income tax deduction for business meals and entertainment expenses from 50% to 80% of such expenses after 2011.
Title
A bill to amend the Internal Revenue Code of 1986 to repeal the reduction in the deductible portion of expenses for business meals and entertainment.
Sponsors
| Sen. Daniel Inouye [D-HI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-05-05 | Senate | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2743-2744) |
| 2011-05-05 | Senate | Sponsor introductory remarks on measure. (CR S2743) |
Same As/Similar To
HB468 (Related) 2011-01-26 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/907/all-info |
| Text | https://www.congress.gov/112/bills/s907/BILLS-112s907is.pdf |
