RepublicanBill · H.R. 3010· House(119-HR-3010)

No Handouts for Drug Advertisements Act

Rep. Murphy
Age: 63 years
North Carolina
Introduced
4/24/2025
Last activity
4/24/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Gregory Murphy
Cosponsors
Republican - 1Democrat - 3
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, called the "No Handouts for Drug Advertisements Act," aims to amend the Internal Revenue Code of 1986 to disallow tax deductions for advertising and promotional expenses related to direct-to-consumer advertising of certain prescription drugs. This would affect sponsors of prescription drugs and owners of outsourcing facilities. The changes would apply to expenses paid after the bill's enactment.

Yes· 3 of 7

  • Does this raise the taxes companies pay?+2

    By disallowing tax deductions for drug advertising, it effectively increases the tax burden on pharmaceutical companies.

  • Does this lower the price of prescription medicines?+2

    By disallowing advertising deductions, the bill might encourage drug companies to reduce prices.

  • Does this reduce what the federal government owes?+1

    The bill could lead to a slight reduction in the national debt by increasing government revenue through reduced tax deductions.

The opposite

  • Would business owners be better off under this?-1

    Pharmaceutical company owners may see a negative impact due to reduced tax deductions.