H.R. 4518 · 111th Congress

To amend the Internal Revenue Code of 1986 to deny a deduction for image advertising expenses for any trade or business the gross receipts of which exceed $100 million.

Stage
In committee
Sponsor
John Hall
Introduced
2010-01-26
Latest action
2010-01-26 · Introduced in House

Summary

Amends the Internal Revenue Code to deny business taxpayers whose gross receipts exceeded $100 million in the preceding taxable year a tax deduction for expenses incurred for advertising anything other than a service or product.