H.R. 3030 — To amend the Internal Revenue Code of 1986 to disallow a Federal income tax deduction for payments to the Federal Government or any State or local government in connection with any tobacco litigation or settlement and to use any increased Federal revenues to promote public health.

Summary

Amends the Internal Revenue Code to prohibit a deduction for any amount paid to the Federal Government or any State or local government pursuant to any tobacco judgment or settlement.

Establishes the National Institutes of Health Trust Fund for Health Research into which shall be deposited the net increase in revenues received attributable to the provisions of the preceding paragraph.

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Legislative Actions

1997-11-12
Introduced in House
1997-11-12
Introduced in House
1997-11-12
Referred to House Ways and Means
1997-11-12
Referred to the Committee on Ways and Means, and in addition to the Committees on Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1997-11-12
Referred to House Commerce
1997-11-12
Referred to House Budget
1997-12-09
Referred to the Subcommittee on Health and Environment, for a period to be subsequently determined by the Chairman.

To amend the Internal Revenue Code of 1986 to disallow a Federal income tax deduction for payments to the Federal Government or any State or local government in connection with any tobacco litigation or settlement and to use any increased Federal revenues to promote public health.

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