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- S.1247
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 Sponsor
Bill Cosponsors
8 (All Republicans)
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 |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Sept. 15, 1995 |
Introduced in the Senate by Charles E. Grassley (R-Iowa) |