S. 207Senate111th Congress (2009-2011)In Committee

Health Insurance Tax Relief Act

A bill to amend the Internal Revenue Code of 1986 to allow a deduction for health insurance premiums.

Introduced January 12, 2009

Legislative Activity

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

January 12, 2009

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SenateIntro Referral

Introduced in Senate

January 12, 2009

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S313)

January 12, 2009

SenateIntro Referral

Read twice and referred to the Committee on Finance.

January 12, 2009

Floor Debate

6 members

What members said about S. 207 on the floor

1 Republican5 Democrats
Barbara Boxer
Sen. Barbara BoxerD-CA · Jan 12, 2009

Mr. President, today I rise to reintroduce the Early Education Act. Early education is critical to preparing children across our Nation with the initial skills and abilities to successfully begin…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Jan 12, 2009

Mr. President, I rise today to introduce the Southwest Border Violence Reduction Act of 2009. This important legislation, which is cosponsored by Senators Hutchison, Durbin, and Feinstein, is aimed…

Herb Kohl
Sen. Herb KohlD-WI · Jan 12, 2009

Mr. President, I rise today to introduce, with ten of my colleagues, the No Oil Producing and Exporting Cartels Act, NOPEC. This legislation will authorize our Government, for the first time, to take…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Jan 12, 2009

Mr. President, I rise today to introduce a bill on behalf of myself and Senator Kyl to mitigate the immigration and security risks associated with the Visa Waiver Program and its expansion. The Visa…

Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · Jan 12, 2009

Mr. President, I come to the Senate floor today on behalf of the millions of travelers throughout this country. Before I begin, I would like to take this opportunity to thank Senator Boxer for being…

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Barbara Boxer
Sen. Barbara BoxerD-CA · Jan 12, 2009

Mr. President, today I am introducing the Health Insurance Tax Relief Act to help our Nation's workers and working families deal with dramatic increases in health care costs. The legislation would…

Harry Reid
Sen. Harry ReidD-NV · Jan 11, 2009

Mr. President, following leader remarks, if there be any, the Senate will resume consideration of the motion to proceed to S. 22, the lands bill. The time until 2 p.m. will be equally divided and…

Bill Text

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Introduced in SenateIssued January 12, 2009

II

111th CONGRESS

1st Session

S. 207

IN THE SENATE OF THE UNITED STATES

January 12, 2009

Mrs. Boxer 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 a deduction for health insurance premiums.

1.

Short title

This Act may be cited as the Health Insurance Tax Relief Act.

2.

Deductibility of health insurance premiums

(a)

Allowance of deduction

(1)

In general

Subsection (a) of section 213 of the Internal Revenue Code of 1986 (relating to medical, dental, etc., expenses) is amended to read as follows:

(a)

Allowance of deduction

There shall be allowed as a deduction the following amounts not compensated for by insurance or otherwise—

(1)

the amount by which the amount of expenses paid during the taxable year (reduced by the amount deductible under paragraph (2)) for medical care of the taxpayer, the taxpayer’s spouse, and the taxpayer’s dependents (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof) exceeds 7.5 percent of adjusted gross income, plus

(2)

so much of the expenses paid during the taxable year for insurance which constitutes medical care under subsection (d)(1)(D) (other than for a qualified long-term care insurance contract) for such taxpayer, spouse, and dependents as does not exceed $2,000 ($4,000 in the case of a joint return).

.

(2)

Limitation based on adjusted gross income

Section 213 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

(f)

Limitation with respect to certain medical insurance premiums

The amount of the deduction allowed by subsection (a)(2) (determined without regard to this subsection) shall be reduced (but not below zero) by 5 percent of so much of the taxpayer's adjusted gross income as exceeds $75,000 ($150,000 in the case of a joint return).

.

(b)

Deduction allowed whether or not taxpayer itemizes deduction

Section 62(a) of the Internal Revenue Code of 1986 (defining adjusted gross income) is amended by inserting after paragraph (21) the following new paragraph:

(22)

Health insurance premiums

The deduction allowed by section 213(a)(2).

.

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2008.