H.R. 4698 — To terminate price support and marketing quotas for tobacco, disallow the income tax deduction for certain advertising expenses for tobacco products, and to establish a trust fund to support anti-drugs and anti-tobacco use activities.

Summary

Amends the Agricultural Act of 1949 to terminate the tobacco price support program.

Amends the Agricultural Adjustment Act of 1938 to terminate the tobacco marketing quota program.

Amends the Internal Revenue Code to disallow the deduction for certain advertising expenses for tobacco products.

Establishes in the Treasury the Anti-Tobacco Use Trust Fund. Establishes in the Fund: (1) the Anti-Drugs in Schools Account; and (2) the Anti-Tobacco Use Advertising Account. Transfers to the Fund and the Accounts specified revenues resulting from the tobacco advertising deduction disallowance.

Amends the Public Health Service Act to establish a public education program about the health risks of tobacco products.

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Legislative Actions

1994-06-30
Introduced in House
1994-06-30
Introduced in House
1994-06-30
Referred to the House Committee on Agriculture.
1994-06-30
Referred to the House Committee on Education and Labor.
1994-06-30
Referred to the House Committee on Energy and Commerce.
1994-06-30
Referred to the House Committee on Ways and Means.
1994-07-08
Referred to the Subcommittee on Specialty Crops and Natural Resources.
1994-07-19
Referred to the Subcommittee on Select Education and Civil Rights.
1994-08-01
Referred to the Subcommittee on Health and the Environment.

To terminate price support and marketing quotas for tobacco, disallow the income tax deduction for certain advertising expenses for tobacco products, and to establish a trust fund to support anti-drugs and anti-tobacco use activities.

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