Senate Bill 786 - PHIT Act of 2023

Purpose and Summary

Chamber: Senate

Introduced date: 2023-03-14

Recent Activity

Read twice and referred to the Committee on Finance. (text: CR S774-775)

Alternative Names

PHIT Act of 2023

PHIT Act of 2023

Personal Health Investment Today Act of 2023

A bill to amend the Internal Revenue Code of 1986 to treat certain amounts paid for physical activity, fitness, and exercise as amounts paid for medical care.

Associated Legislation

PHIT Act of 2023

Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Sen. Thune, John [R-SD]

Cosponsors and Supporters

Sen. Murphy, Christopher [D-CT]

Sen. Cramer, Kevin [R-ND]

Sen. Tillis, Thomas [R-NC]

Sen. Marshall, Roger [R-KS]

Sen. Capito, Shelley Moore [R-WV]

Sen. Wicker, Roger F. [R-MS]

Sen. Scott, Tim [R-SC]

Sen. Baldwin, Tammy [D-WI]

Sen. Sinema, Kyrsten [I-AZ]

Sen. King, Angus S., Jr. [I-ME]

Sen. Moran, Jerry [R-KS]

Sen. Paul, Rand [R-KY]

Sen. Durbin, Richard J. [D-IL]

Sen. Ossoff, Jon [D-GA]

Sen. Warnock, Raphael G. [D-GA]

Sen. Mullin, Markwayne [R-OK]

Sen. Klobuchar, Amy [D-MN]

Committees and Subcommittees

Finance Committee

Variations and Revisions

PHIT Act of 2023

PHIT Act of 2023

3/12/2024, 7:58 AM

Personal Health Investment Today Act of 2023 or the PHIT Act of 2023

This bill allows a medical care tax deduction for up to $1,000 ($2,000 for a joint return or a head of household) of qualified sports and fitness expense...

Congress
118

Number
S - 786

Introduced on
2023-03-14

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

3/14/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Personal Health Investment Today Act of 2023 or the PHIT Act of 2023

This bill allows a medical care tax deduction for up to $1,000 ($2,000 for a joint return or a head of household) of qualified sports and fitness expense...

Alternative Names
Official Title as IntroducedA bill to amend the Internal Revenue Code of 1986 to treat certain amounts paid for physical activity, fitness, and exercise as amounts paid for medical care.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary3/29/2023

Personal Health Investment Today Act of 2023 or the PHIT Act of 2023

This bill allows a medical care tax deduction for up to $1,000 ($2,000 for a joint return or a head of household) of qualified sports and fitness expense...


Latest Action3/14/2023
Read twice and referred to the Committee on Finance. (text: CR S774-775)