[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 3621 Introduced in Senate (IS)]

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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.


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                   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

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                                 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.
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