H.R. 2073 (Introduced in House) — To amend the Internal Revenue Code of 1986 to permanently extend the 7.5 percent adjusted gross income floor for the medical expense deduction.

Section 1 Permanent extension of 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”.

(b)

Conforming amendments—

(1)

Section 213 of such Code is amended by striking subsection (f).

(2)

Section 56(b)(1) of such Code is amended by striking subparagraph (B) and by redesignating subparagraphs (C), (D), (E), and (F), as subparagraphs (B), (C), (D), and (E), respectively.

(c)

Effective date— The amendment made by this section shall apply to taxable years ending after December 31, 2018.

To amend the Internal Revenue Code of 1986 to permanently extend the 7.5 percent adjusted gross income floor for the medical expense deduction.

Section 1 Permanent extension of reduction in medical expense deduction floor

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Incoming references