H.R. 3880 - Tax Fairness for the Self-Employed Act of 2019
H.R. 3880; Tax Fairness for the Self-Employed Act of 2019
- AuthorsDelgado, Rep. Antonio
- Institutional AuthorsU.S. House of Representatives
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsHealth careInsurance
- Jurisdictions
- Tax Analysts Document Number2019-30710
- Tax Analysts Electronic Citation2019 TNTF 155-48
116TH CONGRESS
1ST SESSION
H.R. 3880
To amend the Internal Revenue Code of 1986 to allow the deduction for health insurance costs in computing self-employment taxes.
IN THE HOUSE OF REPRESENTATIVES
JULY 23, 2019
Mr. DELGADO (for himself and Mr. JOYCE of Pennsylvania) 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 allow the deduction for 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 "Tax Fairness for the Self-Employed Act of 2019".
SEC. 2. DEDUCTION FOR HEALTH INSURANCE COSTS ALLOWED IN COMPUTING SELF-EMPLOYMENT TAXES.
(a) IN GENERAL. — Subsection (1) of section 162 of the Internal Revenue Code of 1986 is amended by striking paragraph (4) and by redesigning 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.
- AuthorsDelgado, Rep. Antonio
- Institutional AuthorsU.S. House of Representatives
- Code Sections
- Subject Area/Tax Topics
- Industry GroupsHealth careInsurance
- Jurisdictions
- Tax Analysts Document Number2019-30710
- Tax Analysts Electronic Citation2019 TNTF 155-48