Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 540 (96th)

A bill to establish a system of protection against catastrophic health care costs.

referredUnited States· United States Congress· EN

Introduced

15 January 1979

Last action

15 January 1979 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Lloyd, James F. [D-CA-35], Rep. Burgener, Clair W. [R-CA-43], Rep. Stanton, J. William [R-OH-11], Rep. Duncan, John J. [R-TN-2], Rep. Kindness, Thomas N. [R-OH-8], Rep. Wilson, Charles [D-TX-2], Rep. Price, Melvin [D-IL-21], Sen. Simon, Paul [D-IL], Rep. Wampler, William C. [R-VA-9], Rep. Cavanaugh, John J. [D-NE-2], Rep. Dornan, Robert K. [R-CA-46]

Subjects

Healthcare, Taxation

Source updated

7 February 2024

Healthcare · Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to allow individuals an income tax credit for specified medical expenses (including insurance) paid for themselves, their spouses, and dependents. Limits such credit to 50 percent of the amount by which such medical expenses exceed ten, but are less than 20, percent of the individuals adjusted gross income. Allows a full credit for amounts by which such medical expenses exceed 20 percent of adjusted gross income. Repeals the current income tax deduction for medical and dental expenses. Directs the Secretary of the Treasury, in consultation with the Secretary of Health, Education, and Welfare, to draft regulations to prevent fraudulent claims under this Act and to provide for timely payments of refunds to individuals claiming a credit under the provisions of this Act.

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

Timeline

  1. 15 January 1979

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 15 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.