Summary: H.R.14550 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.14550. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/24/1976)

Prohibits any business deduction, under the Internal Revenue Code, relating to expenses paid or incurred for the transportation of any person by commercial airplane or railroad in excess of an amount which is equal to the retail price of a coach class fare ticket on such airline or railroad, unless the use of first class accomodations was necessitated by the circumstances of the taxpayer's business activities or by a disability or handicap or because coach tickets were unavailable.