S 2212 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to disallow a deduction for expenses paid or incurred in connection with the illegal sale of drugs.

Introduced 1982-03-16· Sponsored by Sen. Armstrong, William L. [R-CO]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1982-03-19)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to disallow either an income tax deduction or credit for expenditures made in connection with the illegal sale of drugs.…

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