S 494
101th Congress
Senate
Taxation
Health
Health insurance
Income tax
Insurance premiums
Medical economics
Self-employed
Tax deductions
A bill to amend the Internal Revenue Code of 1986 to extend for 5 years, and increase the amount of, the deduction for health insurance for self-employed individuals.
Introduced: March 2, 1989
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 1989
Read twice and referred to the Committee on Finance.
Mar 2, 1989
Introduced in Senate
Plain-English summary
Amends Internal Revenue Code provisions relating to the income tax deduction for the health insurance costs of self-employed individuals to: (1) extend the deduction through 1994 (under current law it will expire after tax year 1989); and (2) increase the allowable deduction from 25 percent to 100 percent.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1