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To amend the Internal Revenue Code of 1986 to make permanent the deduction for health insurance costs for self-employed individuals. (Introduced in Senate)
S 572 IS
MARCH 11 (legislative day, MARCH 3), 1993
Mr. DURENBERGER (for himself, Mr. MCCAIN, Mr. GRASSLEY, Mr. DANFORTH, Mr. STEVENS, Mr. KEMPTHORNE, Mr. COCHRAN, Mr. LEVIN, Mr. SHELBY, Mr. LUGAR, Mr. PACKWOOD, Mr. COHEN, and Mr. GORTON) introduced the following bill; which was read twice and referred to the Committee on Finance
- 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 FOR SELF-EMPLOYED INDIVIDUALS MADE PERMANENT.
- (a) IN GENERAL- Section 162(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 (6).
- (b) EFFECTIVE DATE- The amendment made by this section shall be effective July 1, 1992 and permanently extended at this rate.