ANY OFFICIAL LINK TO 100% MEAL DEDUCTION FOR 2021/2022?

Forum|Forum|5 years ago
March 25, 2021
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DOES ANYONE HAVE ANY OFFICIAL LINK TO THE 100% BUSINESS MEAL DEDUCTION FOR 2021/22 ENACTED BY THE TAXPAYER CERTAINTY & DISASTER RELIEF ACT?

ALL I HAVE ARE A FEW DECENT SECOND-HAND SOURCES BUT WOULD LIKE AN OFFICIAL WORDING FROM SOMEWHERE

https://home.kpmg/us/en/home/insights/2021/01/tnf-kpmg-report-full-deduction-for-business-meals-provided-by-a-restaurant.html

ProConnect Tax

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BobKamman

Level 15

SEC. 210. TEMPORARY ALLOWANCE OF FULL DEDUCTION FOR BUSINESS MEALS.

(a) IN GENERAL.—Section 274(n)(2) of the Internal Revenue Code of 1986 is amended by striking ‘‘or’’ at the end of subparagraph (B), by striking the period at the end of subparagraph (C)(iv) and inserting ‘‘, or’’, and by inserting after subparagraph (C) the following new subparagraph:
‘‘(D) such expense is—
‘‘(i) for food or beverages provided by a restaurant, and
‘‘(ii) paid or incurred before January 1, 2023.’’.
(b) EFFECTIVE DATE.—The amendments made by this section shall apply to amounts paid or incurred after December 31, 2020.

https://docs.house.gov/billsthisweek/20201221/BILLS-116HR133SA-RCP-116-68.pdf

Signed into law in late December by the guy who owns lots of restaurants.