[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 381 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 381

 To amend the Internal Revenue Code of 1986 to make permanent, and to 
increase to 100 percent, the deduction of self-employed individuals for 
                        health insurance costs.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             February 17 (legislative day, January 5), 1993

  Mr. Daschle introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to make permanent, and to 
increase to 100 percent, the deduction of self-employed individuals for 
                        health insurance costs.

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

SECTION 1. HEALTH INSURANCE COSTS OF SELF- EMPLOYED INDIVIDUALS.

    (a) Deduction Made Permanent.--
            (1) In general.--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 
        paragraph (6).
            (2) Conforming amendment.--Section 110(a) 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) Increase in Amount of Deduction.--
            (1) In general.--Paragraph (1) of section 162(l) of such 
        Code is amended by striking ``25 percent of''.
            (2) Effective date.--The amendment made by this subsection 
        shall apply to taxable years beginning after December 31, 1992.

                                 <all>