REPEAL OF DEDUCTION FOR LOCAL LOBBYING EXPENSES.

SEC. 13308. REPEAL OF DEDUCTION FOR LOCAL LOBBYING EXPENSES.(a) In General.—Section 162(e) is amended by striking paragraphs (2) and (7) and by redesignating paragraphs (3), (4), (5), (6), and (8) as paragraphs (2), (3), (4), (5), and (6), respectively.(b) Conforming Amendment.—Section 6033(e)(1)(B)(ii) is amended by striking “section 162(e)(5)(B)(ii)” and inserting “section 162(e)(4)(B)(ii)”.(c) Effective Date.—The amendments made by this section shall apply to amounts paid or incurred on or after the date of the enactment of this Act.131 STAT. 2130