Summary: S.494 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for S.494. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/02/1989)

Amends Internal Revenue Code provisions relating to the income tax deduction for the health insurance costs of self-employed individuals to: (1) extend the deduction through 1994 (under current law it will expire after tax year 1989); and (2) increase the allowable deduction from 25 percent to 100 percent.