[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5137 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 5137

To amend the Internal Revenue Code of 1986 to restore and increase the 
 deduction for the health insurance costs of self-employed individuals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 29, 1994

 Mr. Volkmer 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 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 ``100 percent''.
    (b) Permanent Deduction.--Section 162(l) of such Code is amended by 
striking paragraph (6).
    (c) Effective Date.--the amendments made by this section shall 
apply to taxable years beginning after December 31, 1994.
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