[Congressional Bills 103th Congress] [From the U.S. Government Publishing Office] [H.R. 1695 Introduced in House (IH)] 103d CONGRESS 1st Session H. R. 1695 To amend the Internal Revenue Code of 1986 to increase and make permanent the deduction for the health insurance costs of self-employed individuals. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 5, 1993 Mr. Carr 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 increase and make permanent the deduction for the health insurance costs of self-employed individuals. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. DEDUCTION FOR THE HEALTH INSURANCE COSTS OF SELF-EMPLOYED INDIVIDUALS INCREASED AND MADE PERMANENT. (a) Deduction Increased.--Paragraph (1) of 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 ``25 percent'' and inserting ``100 percent''. (b) Deduction Made Permanent.--Subsection (l) of section 162 of such Code is amended by striking paragraph (6). (c) Repeal of Transition Rule.--Subsection (a) of section 110 of the Tax Extension Act of 1991 is amended by striking paragraph (2). (d) Effective Dates.-- (1) The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 1992. (2) The amendments made by subsections (b) and (c) shall apply to taxable years ending after June 30, 1992. <all>