A bill to amend the Internal Revenue Code of 1954 to restore the provisions permitting the deduction, without regard to the 3-percent and 1-percent floors, of medical expenses incurred for the care of individuals 65 years of age and over.

Summary

Allows a tax deduction under the Internal Revenue Code for all medical expenses (including medicine and drugs) paid during the taxable year, and not compenstated for by insurance or otherwise, for the care of any dependent who is the mother or father of the taxpayer or of his spouse, and has attained the age of 65 before the close of the taxable year. Allows a tax deduction for all medical expenses (including medicine and drugs) of the taxpayer and his spouse, if either has attained the age of 65 before the close of the taxable year. States that the amendments made by this Act shall apply with respect to taxable years beginning after December 31, 1968.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 6 January 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 6 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 6 January 1973

  Open at official source

Sponsors

• Rep. Talcott, Burt L. [R-CA-16] · R · Sponsor
• · hswm00 · Standing

Related records

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