No Tax Breaks for Drug Ads Act

No Tax Breaks for Drug Ads Act

This bill denies a tax deduction for the costs of advertising prescription drugs.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4711 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 4711

 To amend the Internal Revenue Code of 1986 to deny any deduction for 
                    advertising prescription drugs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 17, 2019

 Mr. Lipinski 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 deny any deduction for 
                    advertising prescription drugs.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Tax Breaks for Drug Ads Act''.

SEC. 2. DENIAL OF DEDUCTION FOR ADVERTISING PRESCRIPTION DRUGS.

    (a) In General.--Part IX of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 (relating to items not deductible) is 
amended by adding at the end the following new section:

``SEC. 280I. DENIAL OF DEDUCTION FOR ADVERTISING PRESCRIPTION DRUGS.

    ``(a) In General.--No deduction shall be allowed under this chapter 
with respect to--
            ``(1) any advertisement primarily for purposes of promoting 
        the sale or use of any prescribed drug (as defined in section 
        213(d)(3)), and
            ``(2) any of the following incurred or provided primarily 
        for purposes described in paragraph (1):
                    ``(A) Travel expenses (including meals and 
                lodging).
                    ``(B) Goods or services of a type generally 
                considered to constitute entertainment, amusement, or 
                recreation or the use of a facility in connection with 
                providing such goods and services.
                    ``(C) Gifts.
                    ``(D) Other promotion expenses.
    ``(b) Regulations.--The Secretary shall prescribe such regulations 
as may be necessary to carry out the purposes of this section.''.
    (b) Clerical Amendment.--The table of sections for such part IX is 
amended by adding at the end the following new item:

``Sec. 280I. Denial of deduction for advertising prescription drugs.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of the enactment of 
this Act in taxable years ending after such date.
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