(3 of 3)
Business Travel. Full transportation expenses of combined business-pleasure trips within the U.S. will be deductible. At present only travel expenses that are a result of the business side of the trip are deductible.
Stock Options. The price of stock options granted employees may no longer be less than the market price of the stock at the time. The options must be exercised within five years, rather than within ten years as now provided. To qualify for the lower capital-gains tax rate on profits resulting from an increase in market price, the stock purchased under option must be held at least three years, rather than the six months required under the existing law.