No Tax Subsidies for E-Cigarette and Tobacco Ads Act

Senate Bill 5213 - No Tax Subsidies for E-Cigarette and Tobacco Ads Act: Overview, Status, and Impact

Hozzl · 2022-12-29T09:03:21Z

Explore the details of Senate Bill 5213 No Tax Subsidies for E-Cigarette and Tobacco Ads Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/29/2022, 9:03 AM

Congressional Summary of S 5213

No Tax Subsidies for E-Cigarette and Tobacco Ads Act

This bill denies a tax deduction for expenses relating to direct-to-consumer advertising of tobacco products, including electronic nicotine delivery systems.

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Current Status of Bill S 5213

Bill S 5213 is currently in the status of Bill Introduced since December 8, 2022. Bill S 5213 was introduced during Congress 117 and was introduced to the Senate on December 8, 2022. Bill S 5213's most recent activity was Read twice and referred to the Committee on Finance. as of December 8, 2022

Bipartisan Support of Bill S 5213

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 5213

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 5213

No Tax Subsidies for E-Cigarette and Tobacco Ads Act

A bill to amend the Internal Revenue Code of 1986 to deny the deduction for advertising and promotional expenses for tobacco products and electronic nicotine delivery systems.