I
111th CONGRESS
1st Session
H. R. 2966
IN THE HOUSE OF REPRESENTATIVES
June 19, 2009
Mr. Nadler of New York introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to deny any deduction for direct-to-consumer advertisements of prescription drugs.
Short title
This Act may be cited as the Say No to Drug Ads Act
.
Disallowance of deduction for direct-to-consumer advertisement of prescription drugs
General rule
Part IX of subchapter B of chapter 1 of the Internal Revenue Code of 1986 (relating to items not deductible) is amended by adding at the end the following new section:
Direct-to-consumer advertisement of prescription drugs
No deduction shall be allowed under this chapter for any amount paid or incurred for a direct-to-consumer advertisement of a prescription drug.
Clerical amendment
The table of sections for part IX of subchapter B of chapter 1 of such Code is amended by adding at the end thereof the following new item:
.
Effective date
The amendments made by this section shall apply to amounts paid or incurred after December 31, 2009.