OTC Medicine Tax Fairness Act of 2005

The OTC Medicine Tax Fairness Act of 2005 - Amends the Internal Revenue Code to repeal the provision limiting the tax deduction for medicine and drugs to prescribed drugs and insulin (thus allowing a tax deduction for over-the-counter medications).

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3428 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 3428

 To amend the Internal Revenue Code of 1986 to repeal the medicine and 
          drugs limitation on the deduction for medical care.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 26, 2005

  Ms. Hart (for herself and Mr. Ross) 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 repeal the medicine and 
          drugs limitation on the deduction for medical care.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``OTC Medicine Tax Fairness Act of 
2005''.

SEC. 2. REPEAL OF MEDICINE AND DRUGS LIMITATION ON DEDUCTION FOR 
              MEDICAL CARE.

    (a) In General.--Section 213 of the Internal Revenue Code of 1986 
(relating to medical, dental, etc., expenses) is amended by striking 
subsection (b).
    (b) Conforming Amendment.--Section 213(d) of such Code is amended 
by striking paragraph (3).
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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