A bill to amend the Internal Revenue Code of 1954 to deny the deduction of any expenditure of any oil company for advertising not directly related to the sale of products or services.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to limit the advertising expense deduction from gross income for oil companies to amounts paid or incurred for advertisements whose purpose is solely the sale of products or services. States that this Act shall not be construed as affecting the allowance as a deduction of expenditures relating to appearances, et cetera, with respect to legislation.…