US HB7714 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on July 21 2020 - 25% progression, died in committee
Action: 2020-07-22 - Referred to the Subcommittee on Health.
Pending: House Subcommittee on Health Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 21 2020 - 25% progression, died in committee
Action: 2020-07-22 - Referred to the Subcommittee on Health.
Pending: House Subcommittee on Health Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Makes permanent the reduction in the adjusted gross income (AGI) threshold that must be exceeded before a taxpayer may claim a deduction amount for medical expenses. The reduction is from 10% to 7.5% of AGI and 5% in any taxable year beginnning in 2020 or 2021.
Title
To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses.
Sponsors
| Rep. David Schweikert [R-AZ] | Rep. Mike Kelly [R-PA] | Rep. Kevin Hern [R-OK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-07-22 | House | Referred to the Subcommittee on Health. |
| 2020-07-21 | House | Referred to the House Committee on Ways and Means. |
| 2020-07-21 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/7714/all-info |
| Text | https://www.congress.gov/116/bills/hr7714/BILLS-116hr7714ih.pdf |
