I Love New York Tax Deduction Act of 2001
Last action on Oct 3, 2001Sponsor introductory remarks on measure. (CR H6166)
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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.
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