S 907 · 112th Congress · Taxation

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 2011-05-05· Sponsored by Sen. Inouye, Daniel K. [D-HI]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2743-2744)(2011-05-05)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the income tax deduction for business meals and entertainment expenses from 50% to 80% of such expenses after 2011.…

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