[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1873 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 1873

    To amend the Internal Revenue Code of 1986 to provide that the 
 deduction for the health insurance costs of self-employed individuals 
             be allowed in determining self-employment tax.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 30, 2003

 Mr. Manzullo (for himself and Ms. Velazquez) 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 provide that the 
 deduction for the health insurance costs of self-employed individuals 
             be allowed in determining self-employment tax.

    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 ``Self-Employed Health Care 
Affordability Act of 2003''.

SEC. 2. SECA TAX DEDUCTION FOR HEALTH INSURANCE COSTS.

    (a) In General.--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 
(4) and by redesignating paragraph (5) as paragraph (4).
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.
    (c) Social Security Trust Funds Held Harmless.--There are hereby 
appropriated (out of any money in the Treasury not otherwise 
appropriated) for each fiscal year to each fund under the Social 
Security Act an amount equal to the reduction in the transfers to such 
fund for such fiscal year by reason of the amendment made by this 
section.
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