Title: Tax Free Health Insurance Act of 2017
Policy area: Taxation

Summary:
Tax Free Health Insurance Act of 2017
This bill amends the Internal Revenue Code to allow an individual taxpayer a deduction from gross income of insurance premiums paid for the health care coverage of the taxpayer and the taxpayer's spouse and dependents. The bill makes the deduction available whether or not the taxpayer itemizes other deductions.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 407 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 407

  To amend the Internal Revenue Code of 1986 to allow a deduction for 
         premiums for insurance which constitutes medical care.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 10, 2017

    Mr. King of Iowa (for himself, Mrs. Blackburn, Mr. Gohmert, Mr. 
  Pittenger, Mr. Issa, Mr. Duncan of South Carolina, Mr. Burgess, Mr. 
 Stewart, Mr. Lamborn, Mr. Marshall, and Mr. Hultgren) 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 a deduction for 
         premiums for insurance which constitutes medical care.

    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 Free Health Insurance Act of 
2017''.

SEC. 2. DEDUCTION FOR PREMIUMS FOR HEALTH INSURANCE.

    (a) In General.--Part VII of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 is amended by redesignating section 224 
as section 225 and by inserting after section 223 the following new 
section:

``SEC. 224. DEDUCTION FOR PREMIUMS FOR HEALTH INSURANCE.

    ``In the case of an individual, there shall be allowed as a 
deduction to the taxpayer for the taxable year amounts paid by the 
taxpayer for insurance which constitutes medical care (as defined in 
section 213(d)) for the taxpayer and the taxpayer's spouse and 
dependents. No amount shall be taken into account under the preceding 
sentence if a deduction or credit is allowed for such amount under this 
chapter or to any other taxpayer.''.
    (b) Deduction Allowed Whether or Not Individual Itemizes Other 
Deductions.--Subsection (a) of section 62 of such Code is amended by 
inserting before the last sentence at the end the following new 
paragraph:
            ``(22) Deduction for premiums for health insurance.--The 
        deduction allowed by section 224.''.
    (c) Clerical Amendment.--The table of sections for part VII of 
subchapter B of chapter 1 of such Code is amended by striking the item 
relating to section 224 and adding at the end the following new items:

``Sec. 224. Deduction for premiums for health insurance.
``Sec. 225. Cross reference.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2016.
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