Section 1 Repeal of deduction for local lobbying expenses
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.
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)”.
Effective date— The amendments made by this section shall apply to amounts paid or incurred after December 31, 2017.