HR 468

112th CONGRESS
1st Session

H. R. 468

To amend the Internal Revenue Code of 1986 to repeal the reduction in the deductible portion of expenses for business meals and entertainment.

IN THE HOUSE OF REPRESENTATIVES

January 26, 2011

Ms. BERKLEY introduced the following bill; which was referred to the Committee on Ways and Means


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.

SECTION 1. REPEAL OF REDUCTION IN BUSINESS MEALS AND ENTERTAINMENT TAX DEDUCTION.

`For taxable years beginning in

The applicable

calendar year--

percentage is--

2011

--75

2012 or thereafter

--80.'.

END