116th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to permanently extend the 7.5 percent adjusted gross income floor for the medical expense deduction.
April 3, 2019
Ms. Porter (for herself and Mr. Marchant) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to permanently extend the 7.5 percent adjusted gross income floor for the medical expense deduction.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Permanent extension of reduction in medical expense deduction floor.
(a) In general.—Section 213(a) of the Internal Revenue Code of 1986 is amended by striking “10 percent” and inserting “7.5 percent”.
(1) Section 213 of such Code is amended by striking subsection (f).
(2) Section 56(b)(1) of such Code is amended by striking subparagraph (B) and by redesignating subparagraphs (C), (D), (E), and (F), as subparagraphs (B), (C), (D), and (E), respectively.
(c) Effective date.—The amendment made by this section shall apply to taxable years ending after December 31, 2018.