Self-Employed Health Care Affordability Act of 2006

Self-Employed Health Care Affordability Act of 2006 - Amends the Internal Revenue Code to allow self-employed taxpayers to deduct health insurance costs in computing their net earnings.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4961 Introduced in House (IH)]







109th CONGRESS
  2d Session
                                H. R. 4961

    To amend the Internal Revenue Code of 1986 to provide that the 
 deduction for the health insurance costs of self-employed individuals 
             be allowed in determining self-employment tax.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 15, 2006

Ms. Hart (for herself and Mr. Manzullo) 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 provide that the 
 deduction for the health insurance costs of self-employed individuals 
             be allowed in determining self-employment tax.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Self-Employed Health Care 
Affordability Act of 2006''.

SEC. 2. SECA TAX DEDUCTION FOR HEALTH INSURANCE COSTS.

    (a) In General.--Subsection (l) of section 162 (relating to special 
rules for health insurance costs of self-employed individuals) is 
amended by striking paragraph (4) and by redesignating paragraph (5) as 
paragraph (4).
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.
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