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.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line