S.1247: Family Medical Savings and Investment Act of 1995

About This Bill

  • This bill was introduced in the 104th Congress
  • This bill is primarily about taxation
  • Introduced Sept. 15, 1995
  • Latest Major Action Sept. 15, 1995

Bill Summary

Family Medical Savings and Investment Act of 1995 - Amends the Internal Revenue Code to allow an individual covered under a catastrophic health plan a deduction in an amount equal to the amount paid by the individual to such individual's medical savings account not to exceed the lesser of: (1) $2,500; or (2) the catastrophic health plan deductible. Allows the deduction whether or not the individual itemizes deductions. Excludes...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
Sept. 15, 1995

Introduced in the Senate by Charles E. Grassley (R-Iowa)

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