[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2497 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2497

 To amend the Internal Revenue Code of 1986 to permanently extend the 
 deduction for the health insurance costs of self-employed individuals 
      and to increase the deduction to 100 percent of such costs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 23, 1993

  Mr. Frank of Massachusetts 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 permanently extend the 
 deduction for the health insurance costs of self-employed individuals 
      and to increase the deduction to 100 percent of such costs.

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

SECTION 1. FULL DEDUCTION FOR HEALTH INSURANCE COSTS OF SELF-EMPLOYED 
              INDIVIDUALS.

    (a) Deduction Made Permanent.--
            (1) In general.--Subsection (l) of section 162 of the 
        Internal Revenue Code of 1986 (relating to special rules for 
        health insurance costs of self-employed individuals) is amended 
        by striking paragraph (6).
            (2) Conforming amendment.--Subsection (a) of section 110 of 
        the Tax Extension Act of 1991 is amended by striking paragraph 
        (2).
            (3) Effective date.--The amendments made by this subsection 
        shall apply to taxable years ending after June 30, 1992.
    (b) Deduction Increased to 100 Percent.--
            (1) In general.--Paragraph (1) of section 162(l) of such 
        Code is amended by striking ``25 percent'' and inserting ``100 
        percent''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to taxable years beginning after December 31, 1993.

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