HR 2368 · 103th Congress · Taxation
Older Americans Economic Security Act of 1993
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1993-06-10)
Plain Language Summary
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Older Americans Economic Security Act of 1993 - Amends the Internal Revenue Code to allow a tax deduction for qualified elderly care expenses which exceed five percent of the taxpayer's adjusted gross income. Allows a charitable deduction to physicians and registered professional nurses for medical services or goods donated to elderly individuals. Allows tax-free withdrawals from individual retirement accounts to pay long-term care expenses or to purchase insurance covering such expenses.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (8)
2 Democrats6 Republicans