S 2905
111th Congress
Senate
Taxation
Income tax deductions
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.
Introduced: December 17, 2009
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13389-13390)
Dec 17, 2009
Sponsor introductory remarks on measure. (CR S13389)
Dec 17, 2009
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to increase from 50 to 80% the percentage of meals and entertainment expenses that may be claimed as a business tax deduction.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13389-13390)
Committees of jurisdiction
1
Cosponsors
1