An Act relative to the deduction of health insurance payments from gross income for self employed individuals

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to the deduction of health insurance payments from gross income for self employed individuals

An Act relative to the deduction of health insurance payments from gross income for self employed individuals By Representative Ayers of Quincy, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act relative to the deduction of health insurance payments from gross income for self employed individuals By Representative Ayers of Quincy, a petition (accompanied by bill, House, No.
• 3017) of Bruce J.
• Ayers relative to providing a tax deduction of health insurance payments from gross income for self-employed individuals.
• Revenue.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act relative to the deduction of health insurance payments from gross income for self employed individuals
By Representative Ayers of Quincy, a petition (accompanied by bill, House, No. 3017) of Bruce J. Ayers relative to providing a tax deduction of health insurance payments from gross income for self-employed individuals. Revenue.

Current Bill Text

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Bill H.3017

Chapter 62 of the General Laws is hereby amended by inserting at the end of section 2, subsection (a)(2) the following:—

(k) Amounts paid during the taxable year by a self-employed individual, as defined in section 401(c)(I)(B) of the Code, for insurance which constitutes medical care for the self-employed individual, their spouse and dependents.

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