II 115th CONGRESS 1st Session S. 2170 IN THE SENATE OF THE UNITED STATES November 29, 2017 Ms. Cortez Masto 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 repeal the deduction for local lobbying expenses.

1. Repeal of deduction for local lobbying expenses (a) In general Section 162(e) of the Internal Revenue Code of 1986 is amended by striking paragraphs (2) and (7) and by redesignating paragraphs (3), (4), (5), (6), and (8) as paragraphs (2), (3), (4), (5), and (6), respectively. (b) Conforming amendment Section 6033(e)(1)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking section 162(e)(5)(B)(ii) and inserting section 162(e)(4)(B)(ii) . (c) Effective date The amendments made by this section shall apply to amounts paid or incurred after December 31, 2017.