US Congress Senate Bill 3111 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 7-2)
Status: Introduced on June 29 2016 - 25% progression, died in committee
Action: 2016-06-29 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Seniors Tax Hike Prevention Act of 2016 This bill amends the Internal Revenue Code (IRC) to extend, through 2018, the rule that permits individuals who are 65 and older to deduct certain medical expenses that exceed 7.5% of adjusted gross income. (Under current law, the rule that reduces the 10% threshold for the medical expense deduction to 7.5% if a taxpayer or a taxpayer's spouse is 65 or older expires at the end of 2016.) The bill also expresses the sense of the Senate that the reduction in revenues resulting from this bill should be offset by an appropriate amendment to the IRC.

Seniors Tax Hike Prevention Act of 2016

Sen. Rob Portman [R-OH]	Sen. Sherrod Brown [D-OH]	Sen. Bill Nelson [D-FL]	Sen. Mark Kirk [R-IL]
Sen. John Hoeven [R-ND]	Sen. Johnny Isakson [R-GA]	Sen. Richard Burr [R-NC]	Sen. Shelley Capito [R-WV]
Sen. Susan Collins [R-ME]

Date	Chamber	Action
2016-06-29	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/3111/all-info
Text	https://www.congress.gov/114/bills/s3111/BILLS-114s3111is.pdf