[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1977 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                S. 1977

 To amend the Internal Revenue Code of 1986 to extend the 7.5 percent 
 threshold for the medical expense deduction for individuals age 65 or 
                                 older.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 18, 2017

   Mr. Brown (for himself, Mr. Portman, Mr. Nelson, and Mrs. Capito) 
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 extend the 7.5 percent 
 threshold for the medical expense deduction for individuals age 65 or 
                                 older.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Seniors Tax Hike Prevention Act of 
2017''.

SEC. 2. EXTENSION OF 7.5 PERCENT THRESHOLD FOR MEDICAL EXPENSE 
              DEDUCTION FOR INDIVIDUALS AGE 65 OR OLDER.

    (a) In General.--Subsection (f) of section 213 of the Internal 
Revenue Code of 1986 is amended--
            (1) by striking ``January 1, 2017'' and inserting ``January 
        1, 2020''; and
            (2) by striking ``2013, 2014, 2015, and 2016'' in the 
        heading and inserting ``2013 Through 2019''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2016.

SEC. 3. SENSE OF THE SENATE RELATING TO OFFSETTING REVENUE LOSS.

    It is the sense of the Senate that the reduction in revenues to the 
Treasury resulting from the amendments made by section 2 should be 
offset by means of an appropriate amendment to the Internal Revenue 
Code of 1986.
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