Smoking and Health Advertising Act of 1987

Smoking and Health Advertising Act of 1987 - Amends the Internal Revenue Code to disallow an income tax deduction for tobacco and tobacco product sale promotion expenses.

Defines "tobacco and tobacco products" as any small cigarette, large cigarette, cigar, pipe tobacco, tobacco that can be rolled into a cigarette, or smokeless tobacco product, including snuff and chewing tobacco.

Permits the deduction if the taxpayer's expenditures for advertising informing the public of the health effects of tobacco product use exceed five percent of the sales promotion expenses in question for a given taxable year.