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Temporary Tax Relief for Business Entertainment and Meal Expenses.

This act introduces temporary changes to tax rules for 2023-2024. Businesses will be able to deduct more expenses related to entertainment and business meals. This aims to support the economy and the service industry by providing greater tax deduction opportunities for entrepreneurs.
Key points
For 2023-2024, businesses can deduct entertainment expenses if directly related to their active trade or business.
Business meal expenses will be fully deductible until the end of 2024, extending current provisions.
The changes aim to encourage businesses to spend more, potentially supporting jobs in the service sector.
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Expired
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Additional Information
Print number: 117_HR_9231
Sponsor: Rep. LaHood, Darin [R-IL-18]
Process start date: 2022-10-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Service Worker Economic Stabilization Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9231.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-10-25.

What are the main provisions?

Key points include:

  • For 2023-2024, businesses can deduct entertainment expenses if directly related to their active trade or business.
  • Business meal expenses will be fully deductible until the end of 2024, extending current provisions.
  • The changes aim to encourage businesses to spend more, potentially supporting jobs in the service sector.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. LaHood, Darin [R-IL-18].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Economy