HR 533
105th Congress
House
Taxation
Airline passenger traffic
Airline rates
Business income tax
Commerce
Consumer discounts
Costs
Fringe benefits
Income tax
Labor and Employment
Personal income tax
Tax deductions
Tax exclusion
Transportation and Public Works
Travel costs
To amend the Internal Revenue Code of 1986 to clarify the treatment of frequent flyer mileage awards.
Introduced: February 4, 1997
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 1997
Referred to the House Committee on Ways and Means.
Feb 4, 1997
Sponsor introductory remarks on measure. (CR E130)
Feb 4, 1997
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to prohibit, if an individual receives a frequent flier benefit as a result of the purchase in a trade or business of property or services: (1) including any amount in such individual's gross income as a result of receiving such benefit; (2) any deduction otherwise allowable for the purchase of such property or services from being reduced by reason of such benefit; and (3) any deduction allowable for the portion of any transportation purchase using such a benefit.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1