[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7714 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7714

 To amend the Internal Revenue Code of 1986 to reduce the floor on the 
                    deduction for medical expenses.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 21, 2020

Mr. Schweikert introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to reduce the floor on the 
                    deduction for medical expenses.

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

SECTION 1. 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 
(5 percent in the case of any taxable year beginning in 2020 or 
2021)''.
    (b) Conforming Amendment.--Section 213 of such Code is amended by 
striking subsection (f).
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2019.
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