legislation: 99-hr-5160
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| 99-hr-5160 | 99 | hr | 5160 | A bill to amend Section 132 of the Internal Revenue Code of 1954 to provide that de minimis fringe benefits furnished by an employer to an employee may include a share in the cost of meals furnished off the business premises of the employer. | Taxation | 1986-07-14 | 1986-07-14 | Referred to House Committee on Ways and Means. | House | Rep. Vander Jagt, Guy [R-MI-9] | MI | R | V000027 | 0 | Amends the Internal Revenue Code to provide that if an employer does not operate an on-premises eating facility, 50 percent of the employer's share of an off-premises meal furnished to an employee shall be treated as a de minimis fringe benefit (not includible in the employee's income) provided that: (1) the employer pays no more than one-third of the cost of the meal; (2) a maximum of one meal per working day is provided; (3) the meal is furnished during normal business hours; and (4) the employer's share is furnished in kind and not in cash. | 2024-02-07T16:32:33Z |