II
110th CONGRESS
1st Session
S. 2239
IN THE SENATE OF THE UNITED STATES
October 25, 2007
Mr. Bingaman (for himself and Mr. Hatch) 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.
Short title
This Act may be cited as the
Equity for Our Nation’s Self Employed
Act of 2007
.
Deduction for health insurance costs in computing self-employment taxes
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).
Effective date
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.