To amend the Internal Revenue Code of 1986 to allow a deduction for 100 percent of the health insurance costs of self-employed individuals.

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

 
HR 1535 IH
101st CONGRESS
1st Session
 H. R. 1535
To amend the Internal Revenue Code of 1986 to allow a deduction for 100
percent of the health insurance costs of self-employed individuals.
IN THE HOUSE OF REPRESENTATIVES
March 21, 1989
Mr. MCEWEN 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 allow a deduction for 100
percent of 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, That (a) 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--
  (1) by striking `25 percent' in paragraph (1) and inserting `100 percent',
  and
  (2) by striking paragraph (5).
  (b) The amendments made by subsection (a) shall apply to taxable years
  beginning after December 31, 1989.