By Mr. Ayers of Quincy, petition (accompanied by bill, House, No. 2836) of Bruce J. Ayers relative to providing for a tax deduction of health insurance payments from gross income for self employed individuals.  Revenue.

The Commonwealth of Massachusetts

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PETITION OF:

Bruce J. Ayers

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In the Year Two Thousand and Seven.

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

    Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1.  Chapter 62 of the General Laws, as appearing in the 2004 Official Edition, 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.