[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 144 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 144

  To amend the Internal Revenue Code of 1986 to make health insurance 
             costs fully deductible for the self-employed.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 7, 1997

 Mrs. Emerson 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 make health insurance 
             costs fully deductible for the self-employed.

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

SECTION 1. FULL DEDUCTIBILITY OF 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 to read as follows:
            ``(1) Allowance of deduction.--In the case of an individual 
        who is an employee within the meaning of section 401(c)(1), 
        there shall be allowed as a deduction under this section an 
        amount equal to the amount paid during the taxable year for 
        insurance which constitutes medical care for the taxpayer, his 
        spouse, and dependents.''
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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