< Back to H.R. 679 (103rd Congress, 1993–1994)

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

This bill was introduced on January 27, 1993, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jan 27, 1993 (Introduced).

Source: GPO

HR 679 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.