summary
Introduced
01/10/2019
01/10/2019
In Committee
01/10/2019
01/10/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to deny the deduction for advertising and promotional expenses for prescription drugs. This bill prohibits tax deductions for expenses relating to direct-to-consumer advertising of prescription drugs. "Direct-to-consumer advertising" is any dissemination, by or on behalf of a sponsor of a prescription drug product, of an advertisement that is (1) in regard to the drug product, and (2) primarily targeted to the general public.
AI Summary
This bill, the End Taxpayer Subsidies for Drug Ads Act, amends the Internal Revenue Code to prohibit tax deductions for expenses related to direct-to-consumer advertising of prescription drugs. "Direct-to-consumer advertising" is defined as any dissemination of an advertisement about a prescription drug product that is primarily targeted to the general public, such as through publications, broadcasting media, and digital platforms. The bill aims to deny tax deductions for these types of marketing expenses, which are seen as taxpayer subsidies for prescription drug advertising.
Committee Categories
Budget and Finance
Sponsors (23)
Jeanne Shaheen (D)*,
Tammy Baldwin (D),
Michael Bennet (D),
Richard Blumenthal (D),
Sherrod Brown (D),
Dick Durbin (D),
Dianne Feinstein (D),
Kirsten Gillibrand (D),
Kamala Harris (D),
Maggie Hassan (D),
Mazie Hirono (D),
Tim Kaine (D),
Angus King (I),
Amy Klobuchar (D),
Patrick Leahy (D),
Joe Manchin (I),
Jack Reed (D),
Bernie Sanders (I),
Brian Schatz (D),
Tina Smith (D),
Chris Van Hollen (D),
Elizabeth Warren (D),
Sheldon Whitehouse (D),
Last Action
Read twice and referred to the Committee on Finance. (on 01/10/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/73/all-info |
| BillText | https://www.congress.gov/116/bills/s73/BILLS-116s73is.pdf |
| Bill | https://www.congress.gov/116/bills/s73/BILLS-116s73is.pdf.pdf |
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