S 1514
109th Congress
Senate
Taxation
Costs
Drugs
Health
Income tax
Medical economics
Tax deductions
OTC Medicine Tax Fairness Act of 2005
Introduced: July 27, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9185)
Jul 27, 2005
Sponsor introductory remarks on measure. (CR S9185)
Jul 27, 2005
Introduced in Senate
Plain-English summary
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).
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9185)
Committees of jurisdiction
1
Cosponsors
1