[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 577 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 577

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 26, 1993

 Mr. Bereuter 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 increase and make 
permanent 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 THE HEALTH INSURANCE COSTS OF SELF-EMPLOYED 
              INDIVIDUALS INCREASED AND MADE PERMANENT.

    (a) Deduction Increased.--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 ``50 percent''.
    (b) Deduction Made Permanent.--Subsection (l) of section 162 of 
such Code is amended by striking paragraph (6).
    (c) Repeal of Transition Rule.--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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