TEMPORARY REDUCTION IN MEDICAL EXPENSE DEDUCTION FLOOR.

SEC. 11027. TEMPORARY REDUCTION IN MEDICAL EXPENSE DEDUCTION FLOOR.(a) In General.—Subsection (f) of section 213 is amended to read as follows:“(f) Special Rules for 2013 Through 2018.—In the case of any taxable year—“(1) beginning after December 31, 2012, and ending before January 1, 2017, in the case of a taxpayer if such taxpayer or such taxpayer’s spouse has attained age 65 before the close of such taxable year, and“(2) beginning after December 31, 2016, and ending before January 1, 2019, in the case of any taxpayer,subsection (a) shall be applied with respect to a taxpayer by substituting ‘7.5 percent’ for ‘10 percent’.”.(b) Minimum Tax Preference Not to Apply.—Section 56(b)(1)(B) is amended by adding at the end the following new sentence: “This subparagraph shall not apply to taxable years beginning after December 31, 2016, and ending before January 1, 2019”.(c) Effective Date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2016.131 STAT. 2078