Home > 107th Congressional Bills > S. 478 (is) To establish and expand programs relating to engineering, science, technology, and mathematics education, and for other purposes. [Introduced in Senate] ...

S. 478 (is) To establish and expand programs relating to engineering, science, technology, and mathematics education, and for other purposes. [Introduced in Senate] ...


Google
 
Web GovRecords.org








108th CONGRESS
  1st Session
                                 S. 477

 To amend the Internal Revenue Code of 1986 to disallow deductions and 
credits for companies who discriminate against Canadian pharmacies that 
     pass along discounts to consumers living in the United States.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 27, 2003

 Mr. Feingold (for himself, Mr. Leahy, and Mr. Dayton) introduced the 
 following bill; which was read twice and referred to the Committee on 
                                Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to disallow deductions and 
credits for companies who discriminate against Canadian pharmacies that 
     pass along discounts to consumers living in the United States.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Preserving Prescription Drug 
Discounts Act''.

SEC. 2. DISALLOWANCE OF CERTAIN TAX DEDUCTIONS AND CREDITS FOR 
              TAXPAYERS WHO DISCRIMINATE AGAINST CERTAIN PHARMACIES 
              SELLING DISCOUNT PRESCRIPTIONS DRUGS TO CONSUMERS LIVING 
              IN THE UNITED STATES.

    (a) In General.--Part IX of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 (relating to items not deductible) is 
amended by adding at the end the following:

``SEC. 280I. DISALLOWANCE OF DEDUCTIONS AND CREDITS FOR TAXPAYERS WHO 
              DISCRIMINATE AGAINST CERTAIN PHARMACIES.

    ``(a) In General.--No deduction or credit shall be allowed for any 
expenditure relating to research and development during the taxable 
year for any taxpayer who discriminates against a qualified pharmacy in 
the sale of prescription drugs.
    ``(b) Qualified Pharmacy.--For purposes of this section, the term 
`qualified pharmacy' means any pharmacy located in Canada which sells 
prescription drugs to consumers living in the United States.
    ``(c) Discrimination.--For purposes of this section, the term 
`discriminate' means to publicly, privately, or otherwise refuse to do 
business with a person on the basis that the person will pass along 
discounts offered to the person to consumers living in the United 
States.''.
    (b) Conforming amendment.--The table of sections for such part IX 
is amended by adding at the end the following:

        ``Sec. 280I. Disallowance of deductions and credits for 
                            taxpayers who discriminate against certain 
                            pharmacies.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of the enactment of 
this Act.
                                 <all>

Pages: 1

Other Popular 107th Congressional Bills Documents:

1 S. 166 (rs) To limit access to body armor by violent felons and to facilitate the donation of Federal surplus body armor to State and local law enforcement agencies. [Reported in Senate] ...
2 H.R. 801 (ih) To amend title 38, United States Code, to improve programs of [Introduced in House] ...
3 S. 484 (is) To amend part B of title IV of the Social Security Act to create a grant program to promote joint activities among Federal, State, and local public child welfare and alcohol and drug abuse prevention and treatment agencies. [Introduced in Sena...
4 H.R. 364 (ih) To designate the facility of the United States Postal Service located at 5927 Southwest 70th Street in Miami, Florida, as the ``Marjory Williams Scrivens Post Office''. [Introduced in House] ...
5 H.R. 1098 (ih) To improve the recording and discharging of maritime liens and expand the American Merchant Marine Memorial Wall of Honor, and for other purposes. [Introduced in House] ...
6 S. 886 (is) To establish the Katie Poirier Abduction Emergency Fund, and for other purposes. [Introduced in Senate] ...
7 S.Res. 17 (rs) Congratulating President Chandrika Bandaranaike Kumaratunga and the people of the Democratic Socialist Republic of Sri Lanka on the celebration of 53 years of independence. [Reported in Senate] ...
8 S. 395 (rs) To ensure the independence and nonpartisan operation of the Office of Advocacy of the Small Business Administration. [Reported in Senate] ...
9 H.Con.Res. 68 (ih) Condemning the Government of the People's Republic of China for its poor human rights record. [Introduced in House] ...
10 H.R. 986 (ih) To amend the Internal Revenue Code of 1986 to provide that long-term vehicle storage by tax-exempt organizations which conduct county and similar fairs shall not be treated as an unrelated trade or business. [Introduced in House] %%Filename:...
11 H.R. 223 (ih) To amend the Clear Creek County, Colorado, Public Lands Transfer Act of 1993 to provide additional time for Clear Creek County to dispose of certain lands transferred to the county under the Act. [Introduced in House] ...
12 H.R. 201 (ih) To amend the Omnibus Crime Control and Safe Streets Act of 1968 to reduce funding if States do not enact legislation that requires the death penalty in certain cases. [Introduced in House] ...
13 H.R. 1851 (ih) To establish State infrastructure banks for education. [Introduced in House] ...
14 S. 914 (is) To designate the United States courthouse located at 95 Seventh Street in San Francisco, California, as the ``James R. Browning United States Courthouse''. [Introduced in Senate] ...
15 H.R. 1670 (ih) To amend the Internal Revenue Code of 1986 to allow certain coins to be acquired by individual retirement accounts and other individually directed pension plan accounts. [Introduced in House] ...
16 H.R. 764 (ih) To amend title 38, United States Code, to provide a presumption of service connection for injuries classified as cold weather injuries which occur in veterans who while engaged in military operations had sustained exposure to cold weather. [...
17 H.R. 1034 (ih) To amend the National Telecommunications and Information Administration Organization Act to establish a digital network technology program, and for other purposes. [Introduced in House] ...
18 S.Con.Res. 35 (is) Expressing the sense of Congress that Lebanon, Syria, and Iran should allow representatives of the International Committee of the Red Cross to visit the four Israelis, Adi Avitan, Binyamin Avraham, Omar Souad, and Elchanan Tannenbaum, p...
19 H.Con.Res. 163 (ih) Recognizing the historical significance of Juneteenth Independence Day and expressing the sense of Congress that history be regarded as a means of understanding the past and solving the challenges of the future. [Introduced in House] %...
20 H.Res. 25 (eh) [Engrossed in House] ...
21 H.Con.Res. 127 (ih) Expressing the sense of the Congress that a commemorative postage stamp should be issued by the United States Postal Service honoring Roy Campanella, and that the Citizens' Stamp Advisory Committee should recommend to the Postmaster Ge...
22 H.R. 1055 (ih) To amend the Federal Deposit Insurance Act and the Truth in Lending Act to prohibit federally insured institutions from engaging in high-cost payday loans, to expand protections for consumers in connection with the making of such loans by u...
23 S. 94 (is) To amend the Internal Revenue Code of 1986 to provide a 5-year extension of the credit for electricity produced from wind. [Introduced in Senate] ...
24 H.R. 982 (ih) To prohibit assistance for Kosovo unless the President determines and [Introduced in House] ...
25 S. 272 (ris) To rescind fiscal year 2001 procurement funds for the V-22 Osprey aircraft program other than as necessary to maintain the production base and to require certain reports to Congress concerning that program. [Referral Instructions Senate] %%Fi...
26 S. 984 (is) To improve the Veterans Beneficiary Travel Program of the Department of Veterans Affairs. [Introduced in Senate] ...
27 S. 279 (enr) Affecting the representation of the majority and minority membership of the Senate Members of the Joint Economic Committee. [Enrolled bill] ...
28 S. 361 (is) To establish age limitations for airmen. [Introduced in Senate] ...
29 H.R. 1292 (ih) To require the President to develop and implement a strategy for homeland security. [Introduced in House] ...
30 H.R. 329 (ih) To authorize the establishment of a suboffice of the Immigration and Naturalization Service in Nashville, Tennessee. [Introduced in House] ...


Other Documents:

107th Congressional Bills Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy