S. 2433Senate108th Congress (2003-2005)In Committee

Equity for Our Nation's Self-Employed Act of 2004

Introduced May 18, 2004

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

May 18, 2004

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SenateIntro Referral

Introduced in Senate

May 18, 2004

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S5610)

May 18, 2004

SenateIntro Referral

Read twice and referred to the Committee on Finance.

May 18, 2004

Floor Debate

7 members

What members said about S. 2433 on the floor

3 Republicans4 Democrats
John Ensign
Sen. John EnsignR-NV · May 18, 2004

Mr. President, I rise today to speak about an issue that is fundamental to our democracy. That issue is the right for each American to know that their vote has been cast and accurately counted.…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · May 18, 2004

Mr. President, I rise today to introduce ``The Missing Child Cold Case Review Act of 2004,'' which will allow an Inspector General to authorize his or her staff to provide assistance on and conduct…

Ben Nelson
Sen. Ben NelsonD-NE · May 18, 2004

Mr. President, today I introduce an important piece of legislation that will correct an oversight from the Balanced Budget Act of 1997. In 1997, Congress created a new diabetes benefit under…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · May 18, 2004

Mr. President, today I am introducing legislation to create a national commission to study the potential establishment of a National Museum of the American Latino Community in Washington, D.C. I am…

Kay Bailey Hutchison
Sen. Kay Bailey HutchisonR-TX · May 18, 2004

Mr. President, I rise today with Senator Nelson to introduce an important piece of legislation that will dramatically improve the quality of diabetes care under the Medicare program. Diabetes is a…

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Jeff Bingaman
Sen. Jeff BingamanD-NM · May 18, 2004

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…

Jeff Bingaman
Sen. Jeff BingamanD-NM · May 18, 2004

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…

Daniel K. Inouye
Sen. Daniel K. InouyeD-HI · May 18, 2004

Mr. President, I rise to introduce a bill to reauthorize the Native American Programs Act. This act is administered by the Administration for Native Americans within the Department of Health and…

Bill Text

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Introduced in SenateIssued May 18, 2004
        [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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