Family Cord Blood Banking Act of 2011

Family Cord Blood Banking Act of 2011 - Amends the Internal Revenue Code to treat the cost of private umbilical cord blood banking services as a medical care expense for purposes of the tax deduction for medical expenses.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1614 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1614

 To amend the Internal Revenue Code of 1986 to treat amounts paid for 
    umbilical cord blood banking services as medical care expenses.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 15, 2011

Mr. Herger (for himself, Mr. Kind, Mr. Sam Johnson of Texas, Mr. Lewis 
   of Georgia, Mr. Akin, Mrs. Blackburn, Mr. Calvert, Mr. Duncan of 
  Tennessee, Mr. Pitts, and Mr. Wolf) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to treat amounts paid for 
    umbilical cord blood banking services as medical care expenses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Family Cord Blood Banking Act of 
2011''.

SEC. 2. AMOUNTS PAID FOR UMBILICAL CORD BLOOD BANKING SERVICES TREATED 
              AS MEDICAL CARE EXPENSES.

    (a) In General.--Paragraph (1) of section 213(d) of the Internal 
Revenue Code of 1986 (defining medical care) 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 inserting after 
subparagraph (D) the following new subparagraph:
                    ``(E) for private umbilical cord blood banking 
                services provided by any accredited umbilical cord 
                blood bank which is in compliance with the regulations 
                under section 361 of the Public Health Service Act (42 
                U.S.C. 264).''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2011.
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