H.R. 2940 — I Love New York Tax Deduction Act of 2001

Summary

I Love New York Tax Deduction Act of 2001 - Amends the Internal Revenue Code to: (1) increase from 50 to 80 percent the business meal and entertain expenses deduction for such expenses in New York City; and (2) permit a 50 percent (up to $500 or $1,000, on a joint return) personal deduction for meal, entertainment, and lodging expenses in New York City.

Full Text

Legislative Actions

2001-09-21
Introduced in House
2001-09-21
Introduced in House
2001-09-21
Referred to the House Committee on Ways and Means.
2001-10-03
Sponsor introductory remarks on measure. (CR H6166)

I Love New York Tax Deduction Act of 2001

Sponsors

Subjects

Summary

Full Text

Legislative Actions

Ask about this bill