lobbying expense

Thân thiện

A company reports its lobbying expenses in a financial document.

Definition

Noun: - Costs related to influencing legislation: A "lobbying expense" is money spent on activities aimed at promoting, supporting, evaluating, or influencing the creation, amendment, or defeat of legislation, typically by government officials or bodies.

Usage

This term is primarily used in legal, political, and financial contexts to categorize and report costs associated with advocacy efforts directed at lawmakers. - The company's financial report listed significant lobbying expenses related to the new environmental bill. - According to tax law, many lobbying expenses are not deductible for businesses.

Advanced Usage

• "to incur lobbying expenses": To become liable or subject to these specific costs as a result of advocacy activities.
  • The trade association incurred substantial lobbying expenses during the last congressional session.

Variants and Related Words

• Lobbying (n/adj): The act or process of attempting to influence legislators. (e.g., )
• Lobbyist (n): A person who takes part in lobbying. (e.g., )

Synonyms

• Advocacy costs: Expenses related to supporting or recommending a particular cause or policy.
• Government relations expenditures: Money spent on managing interactions with government entities.

Related Phrases

• Deductible lobbying expense: A specific lobbying cost that may be subtracted from gross income when calculating taxes, subject to legal limitations.
  • The accountant identified which lobbying expenses were deductible.

Học thuật

Noun

1. expenses incurred in promoting or evaluating legislation
   • many lobbying expenses are deductible by a taxpayer