GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
H	2
HOUSE BILL 191*
 Committee Substitute Favorable 4/9/01

Short Title:	Self-Employed Health Insurance Deduction.	()	
Sponsors:	     	
Referred to:	     	
February 21, 2001

A BILL TO BE ENTITLED
AN ACT TO ALLOW AN ADDITIONAL INCOME TAX DEDUCTION FOR HEALTH INSURANCE COSTS OF SELF-EMPLOYED INDIVIDUALS. 

The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑134.6(d) is amended by adding a new subdivision to read:
"…
(4)	The taxpayer may deduct the amount by which the taxpayer's deductions under section 162(l) of the Code for health insurance costs of self-employed individuals would have increased if the applicable percentage in section 162(l)(1)(B) of the Code for the taxable year were one hundred percent (100%). A taxpayer may not take this deduction if any of the following apply:
a.	The taxpayer claims a deduction for medical care expenses under section 213(a) of the Code for the taxable year.
b.	The taxpayer claims a tax credit under G.S. 105-151.27 for the taxable year.
c.	The taxpayer claims a tax credit under G.S. 105-151.28 for the taxable year."
SECTION 2.  This act is effective for taxable years beginning on or after January 1, 2001.