GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
S	1
SENATE BILL 228*

 
 
Short Title:	Self-Employed Health Insurance Deduction.	()	
Sponsors:	Senators Reeves, Cunningham;  Allran, Ballantine, Berger, Foxx, Hartsell, and Rucho.	
Referred to:	Finance.	
February 22, 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%)."
SECTION 2.  This act is effective for taxable years beginning on or after January 1, 2001.