[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3660 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3660

    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

                           September 25, 2007

Mr. Kind (for himself, Mr. Herger, Ms. Schwartz, Mr. Platts, Mr. Paul, 
 Mr. Calvert, Mr. Fortenberry, Mrs. Emerson, Mr. Petri, Ms. Bean, and 
 Mr. Forbes) 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 ``Equity for Our Nation's Self-
Employed Act of 2007''.

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.
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