II
109th CONGRESS
1st Session
S. 1514
IN THE SENATE OF THE UNITED STATES
July 27, 2005
Mr. DeMint (for himself, Mr. Nelson of Florida, Mr. Isakson, Mr. Dayton, Ms. Murkowski, and Mr. Enzi) 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 repeal the medicine and drugs limitation on the deduction for medical care.
Short title
This Act may be cited as the
OTC Medicine Tax Fairness Act of
2005
.
Repeal of medicine and drugs limitation on deduction for medical care
In general
Section 213 of the Internal Revenue Code of 1986 (relating to medical, dental, etc., expenses) is amended by striking subsection (b).
Conforming amendment
Section 213(d) of such Code is amended by striking paragraph (3).
Effective date
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.