paragraphs (3) and (4) as paragraphs (2) and (3), respectively, and (ii) in the flush text following paragraph (3) (as so redesignated)— (I) by striking , entertainment, amusement, recreation, or use of the facility or property, in item (B), and (II) by striking (D) the business relationship to the taxpayer of persons entertained, using the facility or property, or receiving the gift and inserting (D) the business relationship to the taxpayer of the person receiving the benefit , (B) Section 274 is amended by striking subsection (l). (C) Section 274(n) is amended by striking and entertainment in the heading. (D) Section 274(n)(1) is amended to read as follows: (1) In general The amount allowable as a deduction under this chapter for any expense for food or beverages shall not exceed 50 percent of the amount of such expense which would (but for this paragraph) be allowable as a deduction under this chapter. . (E) Section 274(n)(2) is amended— (i) in subparagraph (B), by striking in the case of an expense for food or beverages, , (ii) by striking subparagraph (C) and redesignating subparagraphs (D) and (E) as subparagraphs (C) and (D), respectively, (iii) by striking of subparagraph (E) the last sentence and inserting of subparagraph (D) , and (iv) by striking in subparagraph (D) in the last sentence and inserting in subparagraph (C) . (F) Clause (iv) of section 7701(b)(5)(A) is amended to read as follows: (iv) a professional athlete who is temporarily in the United States to compete in a sports event— (I) which is organized for the primary purpose of benefiting an organization which is described in section 501(c)(3) and exempt from tax under section 501(a), (II) all of the net proceeds of which are contributed to such organization, and, (III) which utilizes volunteers for substantially all of the work performed in carrying out such event. . (b) Only 50 percent of expenses for meals provided on or near business premises allowed as deduction Paragraph (2) of section 274(n), as amended by subsection (a), is amended—