[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 2130 Introduced in Senate (IS)]

  2d Session
                                S. 2130

   To amend the Internal Revenue Code of 1986 to allow self-employed 
    individuals to deduct health insurance costs in computing self-
                           employment taxes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 15, 2002

 Mr. Bingaman 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 allow self-employed 
    individuals to deduct health insurance costs in computing self-
                           employment taxes.

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

SECTION 1. DEDUCTION FOR HEALTH INSURANCE COSTS IN COMPUTING SELF-
              EMPLOYMENT TAXES.

    (a) In General.--Section 161(l) of the Internal Revenue Code of 
1986 (relating to special rules for health insurance costs of self-
employed individuals) is amended by striking paragraph (4) and by 
redesignating paragraph (5) as paragraph (4).
    (b) Effective date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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