A bill to amend the Internal Revenue Code of 1986 to allow a deduction for health insurance premiums.
Health Insurance Tax Relief Act - Amends the Internal Revenue Code to allow individual taxpayers a tax deduction for the first $2,000 ($4,000 in the case of a married couple filing jointly) of premiums paid for health insurance. Allows such deduction to taxpayers whether or not they itemize their tax deductions. Reduces the amount of such deduction for a taxpayer whose adjusted gross income exceeds $75,000 ($150,000 in the case of a married couple filing jointly).
Introduced in Senate
Sponsor introductory remarks on measure. (CR S313)
Read twice and referred to the Committee on Finance.
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