HR 4711
No Tax Breaks for Drug Ads Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the No Tax Breaks for Drug Ads Act, aims to prevent pharmaceutical companies from deducting advertising costs for their prescription drugs from their taxes. Specifically, it prohibits deductions for expenses like travel, entertainment, gifts, and other promotional activities used to advertise these drugs. The goal is to reduce the influence of pharmaceutical advertising on the healthcare system.
Sponsors
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Primary sponsor
Daniel Lipinski
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