HR 4518 · 111th Congress · Taxation
To amend the Internal Revenue Code of 1986 to deny a deduction for image advertising expenses for any trade or business the gross receipts of which exceed $100 million.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2010-01-26)
Plain Language Summary
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Amends the Internal Revenue Code to deny business taxpayers whose gross receipts exceeded $100 million in the preceding taxable year a tax deduction for expenses incurred for advertising anything other than a service or product.…
Summarized by Claude AI · Non-partisan · For informational purposes only