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Senate Bill 3621
115th Congress(2017-2018)
A bill to amend the Internal Revenue Code of 1986 to provide for a permanent extension of the lower threshold for the medical expense deduction.
Introduced
Introduced
Introduced in Senate on Nov 14, 2018
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Text
Introduced in Senate 
Nov 14, 2018
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Introduced in Senate(Nov 14, 2018)
Nov 14, 2018
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
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Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 3621 (Introduced-in-Senate)


115th CONGRESS
2d Session
S. 3621


To amend the Internal Revenue Code of 1986 to provide for a permanent extension of the lower threshold for the medical expense deduction.

IN THE SENATE OF THE UNITED STATES

November 14, 2018

Ms. Collins (for herself and Ms. Cantwell) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to provide for a permanent extension of the lower threshold 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) Reduction.—

(1) IN GENERAL.—Section 213(a) of the Internal Revenue Code of 1986 is amended by striking “10 percent” and inserting “7.5 percent”.

(2) CONFORMING AMENDMENT.—Section 213 of such Code is amended by striking subsection (f).

(b) Repeal of minimum tax preference.—Section 56(b)(1) of the Internal Revenue Code of 1986 is amended by striking subparagraph (B).

(c) Effective date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2018.