A bill to amend the Internal Revenue Code of 1986 to include certain over-the-counter dietary supplement products as qualified medical expenses.

Bill: 116-s-4463
Sponsor: full_name: Sen. Cramer, Kevin [R-ND]
Introduced: 2020-08-06
Policy area: Taxation
Subjects: Bank accounts, deposits, capital

Health care costs and insurance

Income tax deductions

Income tax exclusion

Nutrition and diet
Latest action: action_date: 2020-08-06
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2020-08-06
action_desc: Introduced in Senate
text: <p>This bill expands the tax deduction for qualified medical expenses to include dietary supplement products. The bill defines <i>dietary supplement products</i> as nutritional products with labelling relating to their effects on bodily functions. The bill also allows payments from certain tax-preferred spending and reimbursement accounts for dietary supplement products.</p>

tv_txt: II 116th CONGRESS 2d Session S. 4463 IN THE SENATE OF THE UNITED STATES August 6, 2020 Mr. Cramer introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to include certain over-the-counter dietary supplement products as qualified medical expenses.

1. Inclusion of dietary supplement products as qualified medical expenses (a) HSAs Section 223(d)(2) of the Internal Revenue Code of 1986 is amended— (1) by inserting or dietary supplement products after menstrual care products in the last sentence of subparagraph (A); and (2) by adding at the end the following new subparagraph: (E) Dietary supplement product For purposes of this paragraph, the term dietary supplement product means a nutritional product that is labeled with— (i) a statement describing how the product is intended to affect the structure or function of the human body, or (ii) a statement characterizing the mechanism by which the product acts to maintain such structure or function. . (b) Archer MSAs The last sentence of section 220(d)(2)(A) of such Code is amended by inserting or dietary supplement products (as defined in section 223(d)(2)(E)) after menstrual care products (as defined in section 223(d)(2)(D)) . (c) Health flexible spending arrangements and health reimbursement arrangements Section 106(f) of such Code is amended— (1) by inserting or dietary supplement products (as defined in section 223(d)(2)(E)) after menstrual care products (as defined in section 223(d)(2)(D)) ; and (2) in the heading, by inserting and dietary supplement products after menstrual care products . (d) Effective dates (1) Distributions from savings accounts The amendment made by subsections (a) and (b) shall apply to amounts paid after December 31, 2019. (2) Reimbursements The amendment made by subsection (c) shall apply to expenses incurred after December 31, 2019.