S. 907 · 112th Congress
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.
- Stage
- In committee
- Sponsor
- Daniel Inouye
- Introduced
- 2011-05-05
- Latest action
- 2011-05-05 · Introduced in Senate
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.