S. 2033 - Stop Questionable, Unnecessary, and Excessive Allowances for Legislators (SQUEAL) Act
S. 2033; Stop Questionable, Unnecessary, and Excessive Allowances for Legislators (SQUEAL) Act
- AuthorsErnst, Joni
- Institutional AuthorsUnited States Senate
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2017-93947
- Tax Analysts Electronic Citation2017 TNT 210-15
115TH CONGRESS
1ST SESSION
S. 2033
To amend the Internal Revenue Code of 1986 to eliminate
the deduction for living expenses incurred by members of Congress.
IN THE SENATE OF THE UNITED STATES
OCTOBER 31, 2017
Mrs. ERNST introduced the following bill; which was
read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to eliminate the deduction for living expenses incurred by members of Congress.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the "Stop Questionable, Unnecessary, and Excessive Allowances for Legislators Act" or the "SQUEAL Act".
SEC. 2. ELIMINATION OF DEDUCTION FOR LIVING EXPENSES INCURRED BY MEMBERS OF CONGRESS.
(a) IN GENERAL. — Subsection (a) of section 162 of the Internal Revenue Code of 1986 is amended in the matter following paragraph (3) by striking "in excess of $3,000".
(b) EFFECTIVE DATE. — The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.
- AuthorsErnst, Joni
- Institutional AuthorsUnited States Senate
- Code Sections
- Subject Area/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2017-93947
- Tax Analysts Electronic Citation2017 TNT 210-15