H.R.3667: To amend the Internal Revenue Code of 1986 to increase the deduction for meal and entertainment expenses of small businesses.

About This Bill

Bill Summary

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).

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
April 1, 1998

Introduced in the House by Jim O. McCrery (R-La.)

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