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PUBLIC LAW 103-66—AUG. 10, 1993 107 STAT. 469 (e) EFFECTIVE DATE.—The amendments made by this section 26 use 1402 shall apply to 1994 and later calendar years. ^°^- SEC. 13208. TOP ESTATE AND GIFT TAX RATES MADE PERMANENT. (a) GENERAL RULE.—The table contained in paragraph (1) of section 2001(c) is amended by striking the last item and mserting the following new items: "Over $2,500,000 but not over $1,025,800, plus 53% of the excess over $3,000,000. $2,500,000. Over $3,000,000 $1,290,800, plus 55% of the excess over $3,000,000." (b) CONFORMING AMENDMENTS.— (1) Subsection (c) of section 2001 is amended by striking 26 use 2001. paragraph (2) and by redesignating paragraph (3) as paragraph (2). (2) Paragraph (2) of section 2001(c), as redesignated by paragraph (1), is amended by striking "($18,340,000 in the case of decedents djdng, and gifts made, after 1992)". (3) The last sentence of section 2101(b) is amended by striking "section 2001(cX3)'' and inserting "section 2001(cX2) . (c) EFFECTIVE DATE.—The amendments made by this section 26 use 2001 shall apply in the case of decedents dying and gifts made after "°^®- December 31,1992. SEC. 13209. REDUCTION IN DEDUCTIBLE PORTION OF BUSINESS MEALS AND ENTERTAINMENT. (a) GENERAL RULE.—Paragraph (1) of section 274(n) (relating to only 80 percent of meal and entertainment expenses allowea as deduction) is amended by striking "80 percent and inserting "50 percent". (b) CONFORMING AMENDMENT.—^The subsection heading for sec- tion 274(n) is amended by striking "80" and inserting "50". (c) EFFECTIVE DATE.—^The amendments made by this section 26 use 274 note. shall apply to taxable years beginning aft;er December 31, 1993. SEC. 13210. ELIMINATION OF DEDUCTION FOR CLUB MEMBERSHIP FEES. (a) IN GENERAL.—Subsection (a) of section 274 (relating to disallowance of certain entertainment, etc., expenses) is amended by adding at the end thereof the following new paragraph: "(3) DENIAL OF DEDUCTION FOR CLUB DUES.—Notwithstand- ing the preceding provisions of this subsection, no deduction shall be allowed under this chapter for amounts paid or incurred for membership in any club organized for business, pleasure, recreation, or other social purpose." (b) EXCEPTION FOR EMPLOYEE RECREATIONAL EXPENSES NOT To APPLY.—^Paragraph (4) of section 274(e) is amended by adding at the end thereof the following: "This paragraph shall not apply for purposes of subsection (aX3). (c) EFFECTIVE DATE.—^The amendments made by this section 26 use 274 note. shall apply to amounts paid or incurred aft«r December 31, 1993. SEC. 13211. DISALLOWANCE OF DEDUCTION FOR CERTAIN EMPLOYEE REMUNERATION IN EXCESS OF $1,000,000. (a) GENERAL RULE.—Section 162 (relating to trade or business expenses) is amended by redesignating subsection (m) as subsection (n) and by inserting after subsection (1) the following new sub- section: