Tax Reform Proposal Would Slash Advertising Deductions
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Camp’s proposal would alter that allowance in section 3110 of the bill that indicates the deduction reduction. The policy, if approved, would be phased in, beginning in tax year 2015, with an 80 percent deduction and 20 percent amortization until 2018 when the 50/50 percent sets in, according to the bill. An exception would apply to the first $1 million spent on advertising, which could be expensed entirely. That number would lower if more than $1.5 million were disbursed and be completely phased out for payments more than $2 million.
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Amanda L. Cole
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Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.
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