[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 815 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 815

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

                            February 4, 1993

   Mr. Barrett of Nebraska 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 ``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 or 1993.............        25 percent
                            1994.....................        40 percent
                            1995.....................        55 percent
                            1996.....................        70 percent
                            1997.....................        85 percent
                            1998 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.

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