[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 575 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 575

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 15, 1997

Mr. Durbin (for himself, Mr. Hagel, Mrs. Murray, Ms. Snowe, Mr. Harkin, 
  Mr. Allard, Mr. Johnson, Mrs. Hutchison, Mr. Reid, Mr. Shelby, Mr. 
 Roberts, Mr. Baucus, Mr. Kerrey, Mr. Jeffords, Mr. Mack, Ms. Collins, 
and Mr. Biden) 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 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. SHORT TITLE.

    This Act may be cited as the ``Health Insurance Tax Equity for 
Self-Employed Act''.

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

    (a) In General.--Section 162(l)(1) 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, the 
        taxpayer's spouse, and dependents.''.
    (b) Effective Date.--The amendment made by this section applies to 
taxable years beginning after December 31, 1996.
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