[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3330 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3330

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 1996

 Mr. Hilliard 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 the deduction 
        for 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. INCREASE OF DEDUCTION FOR HEALTH INSURANCE COSTS OF 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 ``30 
percent'' and inserting ``the applicable percentage''.
    (b) Applicable Percentage.--Subsection (l) of section 162 of such 
Code is amended by adding at the end the following new paragraph:
            ``(6) Applicable percentage.--For purposes of paragraph 
        (1), the term `applicable percentage' means the percentage 
        determined in accordance with the following table:

                ``In the case of taxable years
                                                         The applicable
                beginning in calendar year:
                                                         percentage is:

                1996, 1997, or 1998..................      30 percent  
                1999.................................      50 percent  
                2000 or thereafter...................    100 percent.''

    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1995.
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