Equity for Our Nation's Self-Employed Act of 2004
Legislative Activity
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Read twice and referred to the Committee on Finance.
May 18, 2004
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Introduced in Senate
May 18, 2004
Sponsor introductory remarks on measure. (CR S5610)
May 18, 2004
Read twice and referred to the Committee on Finance.
May 18, 2004
Floor Debate
7 membersWhat members said about S. 2433 on the floor




+2
Floor Debate
7 membersWhat members said about S. 2433 on the floor
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Mr. President, today my colleague, Senator Thomas, and I are introducing the ``Equity for Our Nation's Self-Employed Act of 2004.'' This legislation would reduce the cost of health insurance for the…
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Bill Text
Latest available legislative text
[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2433 Introduced in Senate (IS)]
108th CONGRESS
2d Session
S. 2433
To amend the Internal Revenue Code of 1986 to allow self-employed
individuals to deduct health insurance costs in computing self-
employment taxes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
May 18, 2004
Mr. Bingaman (for himself and Mr. Thomas) introduced the following
bill; which was read twice and referred to the Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to allow self-employed
individuals to deduct health insurance costs in computing self-
employment taxes.
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 ``Equity for Our Nation's Self
Employed Act of 2004''.
SEC. 2. DEDUCTION FOR HEALTH INSURANCE COSTS IN COMPUTING SELF-
EMPLOYMENT TAXES.
(a) In General.--Section 162(l) of the Internal Revenue Code of
1986 (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 amendments made by this section shall
apply to taxable years beginning after the date of the enactment of
this Act.
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