CLARIFICATION OF DE MINIMIS FRINGE BENEFIT RULES TO NO-CHARGE EMPLOYEE MEALS.

SEC. 970. CLARIFICATION OF DE MINIMIS FRINGE BENEFIT RULES TO NO-CHARGE EMPLOYEE MEALS. (a) In General.—Paragraph (2) of section 132(e) (defining de minimis fringe) is amended by adding at the end the following new sentence: “For purposes of subparagraph (B), an employee entitled under section 119 to exclude the value of a meal provided at such facility shall be treated as having paid an amount for such meal equal to the direct operating costs of the facility attributable to such meal.”. (b) Effective Date.—The amendment made by this section shall apply to taxable years beginning after December 31, 1997.