S 2557 · 103th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to reinstate the 80-percent limitation on the deductible portion of meal expenses.

Introduced 1994-10-08· Sponsored by Sen. Simpson, Alan K. [R-WY]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1994-10-08)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to revise the deductibility of meal and entertainment expenses and items to allow a deduction of 80 percent of the amount of such expenses, or 50 percent of the amount of such items.…

Summarized by Claude AI · Non-partisan · For informational purposes only