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HR 3667 105th Congress House Taxation Agriculture and Food Business income tax Commerce Costs Expense accounts Income tax Recreation Small business Sports and Recreation Tax deductions

To amend the Internal Revenue Code of 1986 to increase the deduction for meal and entertainment expenses of small businesses.

Introduced: April 1, 1998 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 1, 1998
Referred to the House Committee on Ways and Means.
Apr 1, 1998
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to increase the deduction for meals and entertainment expenses of small businesses from 50 percent to the applicable percentage for individuals subject to Federal hours of service (which ranges from 55 per cent in 1998 and 1999 up to 80 percent in 2008 and thereafter).

What's happening now April 1, 1998

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1