S. 3621 (Introduced in Senate) — To amend the Internal Revenue Code of 1986 to provide for a permanent extension of the lower threshold for the medical expense deduction.

(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.

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