S 1514 · 109th Congress · Taxation
OTC Medicine Tax Fairness Act of 2005
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9185)(2005-07-27)
Plain Language Summary
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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).…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
2 Democrats3 Republicans