[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 34 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                 H. R. 34

 To amend the Internal Revenue Code of 1986 to retroactively restore a 
 100 percent deduction for the health insurance costs of self-employed 
                              individuals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 4, 1995

Mrs. Lambert Lincoln 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 retroactively restore a 
 100 percent 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. SHORT TITLE.

    This Act may be cited as the ``Health Insurance Equity Act of 
1995''.

SEC. 2. FULL DEDUCTION FOR HEALTH INSURANCE COSTS OF SELF-EMPLOYED 
              INDIVIDUALS BEGINNING IN 1994.

    (a) Deduction Made Permanent.--Subsection (l) of section 162 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).
    (b) Deduction Increased to 100 Percent.--Paragraph (1) of section 
162(l) of such Code is amended by striking ``25 percent'' and inserting 
``100 percent''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1993.
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