DENIAL OF DEDUCTION FOR CERTAIN RESIDENTIAL TELEPHONE SERVICE.

SEC. 5073. DENIAL OF DEDUCTION FOR CERTAIN RESIDENTIAL TELEPHONE SERVICE. (a) General Rule.— Section 262 of the 1986 Code (relating to personal, living, and family expenses} is amended to read as follows: “SEC. 262. PERSONAL, LIVING, AND FAMILY EXPENSES. “(a) General Rule.— Except as otherwise expressly provided in this chapter, no deduction shall be allowed for personal, living, or family expenses. “(b) Treatment of Certain Phone Expenses.— For purposes of subsection (a), in the case of an individual, any charge (including taxes thereon) for basic local telephone service with respect to the 1st telephone line provided to any residence of the taxpayer shall be treated as a personal expense.” (b) Effective Date.— The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 1988.