[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1792 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1792

   To amend the Internal Revenue Code of 1986 to allow self-employed 
     individuals to deduct the full cost of their health insurance.


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                    IN THE HOUSE OF REPRESENTATIVES

                              June 4, 1997

 Mr. Weygand 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 allow self-employed 
     individuals to deduct the full cost of their health insurance.

    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 ``Small Business Owners' Health 
Insurance Deductibility Act''.

SEC. 2. DEDUCTION FOR HEALTH INSURANCE COSTS FOR SELF-EMPLOYED 
              INDIVIDUALS.

    (a) In General.--Paragraph (1) of section 162(l) of the Internal 
Revenue Code of 1986 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 100 
        percent of 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 December 31, 1996.
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