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Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

A bill to amend the Internal Revenue Code of 1954 to provide that amounts paid for health insurance will be allowed as a deduction without regard to the 3 percent limitation on the medical deduction, to allow a deduction for one-half of the social security tax on self-employment income and for certain life insurance premiums, and for other purposes.

Actions Overview (1)

Date Actions Overview
07/30/1981Introduced in House

All Actions (3)

Date All Actions
08/04/1981Referred to Subcommittee on Health.
Action By: Committee on Ways and Means
07/30/1981Referred to House Committee on Ways and Means.
Action By: House of Representatives
07/30/1981Introduced in House
Action By: House of Representatives

Cosponsors (6)

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means07/30/1981 Referred to
House Ways and Means Subcommittee on Health08/04/1981 Referred to

No related bill information was received for H.R.4340.

Subjects (11)

Latest Summary (1)

There is one summary for H.R.4340. View summaries

Shown Here:
Introduced in House (07/30/1981)

Amends the Internal Revenue Code to allow an unrestricted deduction of amounts paid for health insurance.

Allows self-employed individual taxpayers an income tax deduction for one-half of the social security tax on self- employed income.

Provides for a limited income tax deduction for amounts paid by an individual for term life insurance.

Extends these deductions to taxpayers who do not itemize income tax deductions.