Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Personal Health Investment Today
Act'' or the ''PHIT Act.''

SEC. 2. CERTAIN AMOUNTS PAID FOR PHYSICAL ACTIVITY, FITNESS, AND
EXERCISE TREATED AS AMOUNTS PAID FOR MEDICAL CARE.

(a) In General.--Section 213(d)(1) of the Internal Revenue Code of
1986 is amended by striking ''or'' at the end of subparagraph (C), by
striking the period at the end of subparagraph (D) and inserting '',
or'', and by adding at the end the following new subparagraph:
''(E) for qualified sports and fitness expenses.''.
(b) Qualified Sports and Fitness Expenses.--Section 213(d) of such
Code is amended by adding at the end the following paragraph:
''(12) Qualified sports and fitness expenses.--
''(A) In general.--The term 'qualified sports and
fitness expenses' means amounts paid for--
''(i) membership at a fitness facility,
''(ii) participation or instruction in a
program of physical exercise or physical
activity, or
''(iii) safety equipment for use in a
program (including a self-directed program) of
physical exercise or physical activity.
''(B) Dollar limitations.--
''(i) Overall limitation.--The aggregate
amount treated as qualified sports and fitness
expenses with respect to any taxpayer for any
taxable year shall not exceed $500 (twice such
amount in the case of a joint return or a head
of household (as defined in section 2(b))).
''(ii) Safety equipment.--The amount
treated as qualified sports and fitness
expenses with respect to any item of safety
equipment described in subparagraph (A)(iii)
shall not exceed $250.
''(C) Certain exclusions.--
''(i) In general.--Golf, hunting, sailing,
and horseback riding shall not be treated as a
physical exercise or physical activity.
''(ii) Exercise videos, etc.--Qualified
sports and fitness expenses shall not include
videos, books, or similar materials.
''(D) Fitness facility defined.--For purposes of
subparagraph (A)(i), the term 'fitness facility' means
a facility--
''(i) providing instruction in a program of
physical exercise or physical activity,
offering facilities for the preservation,
maintenance, encouragement, or development of
physical fitness, or serving as the site of
such a program of a State or local government,
''(ii) which is not a private club owned
and operated by its members,
''(iii) which does not offer facilities for
any activity described in subparagraph (C)(i),
''(iv) whose health or fitness facility is
not incidental to its overall function and
purpose, and
''(v) which is fully compliant with
applicable State and Federal anti-
discrimination laws.
''(E) Programs which include components other than
physical exercise and physical activity.--Rules similar
to the rules of paragraph (6) shall apply in the case
of any program that includes physical exercise or
physical activity and also other components. For
purposes of the preceding sentence, travel and
accommodations shall be treated as an other component.
''(F) Inflation adjustment.--In the case of any
taxable year beginning in a calendar year after 2019,
the $500 amount in subparagraph (B)(i) and the $250
amount in subparagraph (B)(ii) shall each be increased
by an amount equal to--
''(i) such dollar amount, multiplied by
''(ii) the cost-of-living adjustment
determined under section 1(f)(3) for the
calendar year in which such taxable year
begins, determined by substituting 'calendar
year 2018' for 'calendar year 2016' in
subparagraph (A)(ii) thereof.
If any increase determined under the preceding sentence
is not a multiple of $10, such increase shall be
rounded to the next lowest multiple of $10.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2018.
Output:
Personal Health Investment Today Act or the PHIT Act This bill amends the Internal Revenue Code to allow a medical care tax deduction for qualified sports and fitness expenses. The deduction applies to amounts paid for: (1) fitness facility memberships, (2) physical exercise or activity programs, and (3) safety equipment for use in a physical exercise or activity program. The overall deduction is limited to $500 per year (twice the amount in the case of a joint return or a head of household), and a deduction for safety equipment may not exceed $250. The bill requires the limits to be adjusted for inflation after 2019. The deduction does not include expenses for golf, hunting, sailing, horseback riding, and videos or books.