To amend the Internal Revenue Code of 1986 to allow health insurance premiums to be fully deductible to the extent not in excess of $3,000.

Amends the Internal Revenue Code to allow a deduction for health insurance premiums up to $3,000.

 
HR 3481 IH
102d CONGRESS
1st Session
 H. R. 3481
To amend the Internal Revenue Code of 1986 to allow health insurance premiums
to be fully deductible to the extent not in excess of $3,000.
IN THE HOUSE OF REPRESENTATIVES
October 2, 1991
Mr. SOLOMON 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 health insurance premiums
to be fully deductible to the extent not in excess of $3,000.
  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 PREMIUMS DETERMINED WITHOUT REGARD
TO 7.5% THRESHOLD.
  (a) IN GENERAL- Subsection (a) of section 213 of the Internal Revenue
  Code of 1986 (relating to deduction for medical, dental, etc., expenses)
  is amended to read as follows:
  `(a) ALLOWANCE OF DEDUCTION- There shall be allowed as a deduction the
  following amounts not compensated for by insurance or otherwise--
  `(1) the amount by which the amount of expenses paid during the taxable year
  (reduced by the amount deductible under paragraph (2)) for medical care
  of the taxpayer, his spouse, and dependents (as defined in section 152)
  exceeds 7.5 percent of adjusted gross income, plus
  `(2) an amount equal to the expenses paid during the taxable year for
  insurance which constitutes medical care for the taxpayer, his spouse,
  and dependents to the extent such amount does not exceed $3,000.'
  (b) EFFECTIVE DATE- The amendment made by subsection (a) shall apply to
  taxable years beginning after the date of the enactment of this Act.