H.R. 1718

To amend the Internal Revenue Code of 1986 to treat amounts paid for umbilical cord blood banking services as medical care expenses.

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I

111th CONGRESS

1st Session

H. R. 1718

IN THE HOUSE OF REPRESENTATIVES

March 25, 2009

Mr. Kind (for himself, Mr. Herger, Mr. Davis of Alabama, Mr. Pascrell, and Mr. Thompson of California) 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 treat amounts paid for umbilical cord blood banking services as medical care expenses.

1.

Amounts paid for umbilical cord blood banking services treated as medical care expenses

(a)

In general

Paragraph (1) of section 213(d) of the Internal Revenue Code of 1986 (defining medical care) is amended by striking or at the end of subparagraph (C), by striking the period at the end of subparagraph (D) and inserting , or, and by inserting after subparagraph (D) the following new subparagraph:

(E)

for private umbilical cord blood banking services provided by any accredited umbilical cord blood bank which is in compliance with the regulations under section 361 of the Public Health Service Act (42 U.S.C. 264).

.

(b)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2009.