To restore and increase the deduction for the health insurance costs of self-employed individuals.

Amends Internal Revenue Code provisions governing the income tax deduction for the health insurance costs of self-employed individuals to: (1) make the deduction permanent; and (2) phase in an increase in the allowable deduction, reaching 100 percent for taxable years beginning in 1997 and thereafter.

[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 679 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 679

To restore and increase the deduction for the health insurance costs of 
                       self-employed individuals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 27, 1993

    Mr. Holden (for himself, Mr. Kolbe, Ms. Snowe, Mr. Roberts, Mr. 
 Kanjorski, Mr. Emerson, and Mr. Olver) introduced the following bill; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To restore and increase the deduction for the health insurance costs of 
                       self-employed individuals.

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

SECTION 1. DEDUCTION FOR HEALTH INSURANCE COSTS OF SELF-EMPLOYED 
              INDIVIDUALS INCREASED AND MADE PERMANENT.

    (a) In General.--Paragraph (1) of section 162(l) of the Internal 
Revenue Code of 1986 (relating to special rules for health insurance 
costs of self-employed individuals) is amended by striking ``25 
percent'' and inserting ``the applicable percentage''.
    (b) Deduction Made Permanent; Applicable Percentage.--Paragraph (6) 
of section 162(l) of such Code is amended to read as follows:
            ``(6) Applicable percentage.--For purposes of paragraph 
        (1)--

                    In the case of taxable
                                                                       
                      years beginning in
                                                         The applicable
                      calendar year:
                                                         percentage is:
                            1992, 1993, or 1994......        25 percent
                            1995 or 1996.............        50 percent
                            1997 or thereafter.......    100 percent.''
    (c) Conforming Amendment.--Subsection (a) of section 110 of the Tax 
Extension Act of 1991 is amended by striking paragraph (2).
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1991.

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