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- H.R.3667
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
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced April 1, 1998
- Latest Major Action April 1, 1998
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
32 (10 Democrats, 1 Independent, 22 Republicans)
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 |
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Referred to the House Committee on Ways and Means.
|
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April 1, 1998 |
Introduced in the House by Jim O. McCrery (R-La.) |