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131 STAT. 2125 PUBLIC LAW 115–97—DEC. 22, 2017 not exceed 50 percent of the amount of such expense which would (but for this paragraph) be allowable as a deduction under this chapter.’’. (E) Section 274(n)(2) is amended— (i) in subparagraph (B), by striking ‘‘in the case of an expense for food or beverages,’’, (ii) by striking subparagraph (C) and redesignating subparagraphs (D) and (E) as subparagraphs (C) and (D), respectively, (iii) by striking ‘‘of subparagraph (E)’’ the last sen- tence and inserting ‘‘of subparagraph (D)’’, and (iv) by striking ‘‘in subparagraph (D)’’ in the last sentence and inserting ‘‘in subparagraph (C)’’. (F) Clause (iv) of section 7701(b)(5)(A) is amended to read as follows: ‘‘(iv) a professional athlete who is temporarily in the United States to compete in a sports event— ‘‘(I) which is organized for the primary purpose of benefiting an organization which is described in section 501(c)(3) and exempt from tax under section 501(a), ‘‘(II) all of the net proceeds of which are contributed to such organization, and, ‘‘(III) which utilizes volunteers for substan- tially all of the work performed in carrying out such event.’’. (b) ONLY 50 PERCENT OF EXPENSES FOR MEALS PROVIDED ON OR NEAR BUSINESS PREMISES ALLOWED AS DEDUCTION.—Paragraph (2) of section 274(n), as amended by subsection (a), is amended— (1) by striking subparagraph (B), (2) by redesignating subparagraphs (C) and (D) as subpara- graphs (B) and (C), respectively, (3) by striking ‘‘of subparagraph (D)’’ in the last sentence and inserting ‘‘of subparagraph (C)’’, and (4) by striking ‘‘in subparagraph (C)’’ in the last sentence and inserting ‘‘in subparagraph (B)’’. (c) TREATMENT OF TRANSPORTATION BENEFITS.—Section 274, as amended by subsection (a), is amended— (1) in subsection (a)— (A) in the heading, by striking ‘‘OR RECREATION’’ and inserting ‘‘RECREATION, OR QUALIFIED TRANSPORTATION FRINGES’’, and (B) by adding at the end the following new paragraph: ‘‘(4) QUALIFIED TRANSPORTATION FRINGES.—No deduction shall be allowed under this chapter for the expense of any qualified transportation fringe (as defined in section 132(f)) provided to an employee of the taxpayer.’’, and (2) by inserting after subsection (k) the following new sub- section: ‘‘(l) TRANSPORTATION AND COMMUTING BENEFITS.— ‘‘(1) IN GENERAL.—No deduction shall be allowed under this chapter for any expense incurred for providing any transportation, or any payment or reimbursement, to an employee of the taxpayer in connection with travel between the employee’s residence and place of employment, except as necessary for ensuring the safety of the employee. 26 USC 274. VerDate Sep 11 2014 10:09 Oct 18, 2018 Jkt 079139 PO 00097 Frm 00073 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL097.115 PUBL097 dkrause on DSKBC28HB2PROD with PUBLAWS