H.R. 1470

Equity for Our Nation's Self-Employed Act of 2009

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I

111th CONGRESS

1st Session

H. R. 1470

IN THE HOUSE OF REPRESENTATIVES

March 12, 2009

Mr. Kind (for himself, Mr. Herger, Ms. Kosmas, and Mr. Reichert) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to provide that the deduction for the health insurance costs of self-employed individuals be allowed in determining self-employment tax.

1.

Short title

This Act may be cited as the Equity for Our Nation’s Self-Employed Act of 2009.

2.

SECA tax deduction for health insurance costs

(a)

In general

Subsection (l) of section 162 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 amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.