[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 571 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 571

To amend the Internal Revenue Code of 1986 to permanently increase the 
    deductible health insurance costs for self-employed individuals.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

               March 11 (legislative day, March 3), 1993

Mr. Durenberger (for himself, Mr. McCain, Mr. Helms, Mr. Grassley, Mr. 
   Danforth, Mr. Stevens, Mr. Kempthorne, Mr. Shelby, Mr. Lugar, Mr. 
  Packwood, Mr. Cohen, and Mr. Gorton) 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 permanently increase the 
    deductible health insurance costs for self-employed individuals.

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

SECTION 1. PERMANENT INCREASE IN DEDUCTIBLE HEALTH INSURANCE COSTS FOR 
              SELF-EMPLOYED INDIVIDUALS.

    (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 
reinstate the 25-percent deduction for July 1 through December 31, 
1992, and shall increase permanently to 100-percent the deduction for 
health insurance expenses effective January 1, 1993.

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