American Advertising Federation of Des Moines

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April 2014

Apr 7
April 7
Government Report: Advertising Deductibility Update

House Ways and Means Committee Chairman Dave Camp, R-Mich., has announced that he will not run for reelection and will retire from Congress at the end of his current term. In February, Chairman Camp released a discussion draft of comprehensive tax reform legislation that includes a provision limiting the federal tax deduction for advertising expenses to 50% in the first year, with the remaining 50% amortized over the following ten years.

 
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