Page:United States Statutes at Large Volume 100 Part 3.djvu/312

 100 STAT. 2120

PUBLIC LAW 99-514—OCT. 22, 1986 "(D) such food and beverages are part of a program which includes a speaker."

(c) No DEDUCTION ALLOWED FOR SEMINARS, ETC., FOR SECTION 212 PURPOSES.—

(1) IN GENERAL.—Subsection (h) of section 274 (relating to attendance at conventions, etc.) is amended by adding at the end thereof the following new paragraph: "(7) SEMINARS, ETC. FOR SECTION 212 PURPOSES.—No deduction

shall be allowed under section 212 for expenses allocable to a convention, seminar, or similar meeting." (2) TECHNICAL AMENDMENTS.—Paragraphs (1), (2), (4), and (5)

of section 274(h) are each amended— (A) by striking out "or 212" each place it appears, and (B) by striking out "or to an activity described in section 212 and" each place it appears. (d) DENIAL OF CHARITABLE CONTRIBUTION FOR CERTAIN TRAVEL

EXPENSES.—Section 170 (relating to charitable, etc., contributions and gifts) is amended by redesignating subsections (k) and (1) as subsections (1) and (m), respectively, and by inserting after subsection (j) the following new subsection: "(k) DENIAL OF DEDUCTION FOR CERTAIN TRAVEL EXPENSES.—NO

deduction shall be allowed under this section for traveling expenses (including amounts expended for meals and lodging) while away from home, whether paid directly or by reimbursement, unless there is no significant element of personal pleasure, recreation, or vacation in such travel." SEC. 143. CHANGES IN TREATMENT OF HOBBY LOSS, ETC.

(a) HOBBY Loss.—Subsection (d) of section 183 (relating to presumption) is amended— (1) by striking out "2 or more of the taxable years in the period of 5 consecutive taxable years" and inserting in lieu thereof "3 or more of the taxable years in the period of 5 consecutive taxable years", and (2) by striking out the last sentence and inserting in lieu thereof the following: "In the case of an activity which consists in major part of the breeding, training, showing, or racing of horses, the preceding sentence shall be applied by substituting '2'for'3'and T for'5'." (b) TREATMENT OF RENTAL TO EMPLOYER UNDER SECTION 280A.— Subsection (c) of section 280A (relating to exceptions for certain business or rental use; limitation on deductions for such use) is amended by adding at the end thereof the following new paragraph: "(6) TREATMENT OF RENTAL TO EMPLOYER.—Paragraphs (1) and

(3) shall not apply to any item which is attributable to the rental of the dwelling unit (or any portion thereof) by the taxpayer to his employer during any period in which the taxpayer uses the dwelling unit (or portion) in performing services as an employee of the employer." (c) REVISION OF LIMITATION ON DEDUCTION FOR BUSINESS U S E OF

HOME.—Paragraph (5) of section 280A(c) (relating to exceptions for certain business or rental use; limitation on deductions for such use) is amended by striking out subparagraph (B) and inserting in lieu thereof the following: "(B) the sum of— "(i) the deductions allocable to such use which are allowable under this chapter for the taxable year

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