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

This bill allows self-employed individuals to deduct their health insurance costs from their taxable income. It specifically permits self-employed people (as defined by federal tax law) to subtract payments for health insurance covering themselves, their spouse, and dependents. The change modifies existing tax rules to create a new deduction for these insurance expenses. This directly affects self-employed workers by potentially lowering their federal tax burden.