[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 162 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 162

To amend the Internal Revenue Code of 1986 to extend the deduction for 
 health insurance costs of self-employed individuals for an indefinite 
         period, and to increase the amount of such deduction.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

  Mr. Grandy (for himself and Mr. Brewster) 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 extend the deduction for 
 health insurance costs of self-employed individuals for an indefinite 
         period, and to increase the amount of such deduction.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
That (a) 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) 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 or 1993.............        25 percent
                            1994 or 1995.............        50 percent
                            1996 or thereafter.......    100 percent.''
    (c) The amendments made by this section shall apply to taxable 
years beginning after June 30, 1992.

                                 <all>