This bill amends the Internal Revenue Code to temporarily permit tax-favored health savings accounts, Archer Medical Savings Accounts, health flexible spending arrangements, and health reimbursement arrangements to be used to purchase over-the-counter medicine that is not prescribed by a physician. The bill applies during the period beginning on January 1, 2018, and ending on December 31, 2019.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Health care costs and insuranceIncome tax deductionsIncome tax exclusionPrescription drugsTax administration and collection, taxpayers
To amend the Internal Revenue Code of 1986 to provide for a temporary moratorium on certain taxes affecting purchases of prescription medication.
USA115th CongressHR-4618| House
| Updated: 12/12/2017
This bill amends the Internal Revenue Code to temporarily permit tax-favored health savings accounts, Archer Medical Savings Accounts, health flexible spending arrangements, and health reimbursement arrangements to be used to purchase over-the-counter medicine that is not prescribed by a physician. The bill applies during the period beginning on January 1, 2018, and ending on December 31, 2019.