HEALTH INSURANCE COSTS OF SELF-EMPLOYED INDIVIDUALS.

SEC. 110. HEALTH INSURANCE COSTS OF SELF-EMPLOYED INDIVIDUALS. (a) Extension.— (1) In general.— Paragraph (6) of section 162(1) (relating to special rules for health insurance costs of self-employed individuals) is amended by striking “December 31, 1991” and inserting “June 30, 1992”. (2) Special rule.— In the case of any taxable year beginning in 1992— (A) only amounts paid before July 1, 1992, by the individual for insurance coverage for periods before July 1, 1992, shall be taken into account in determining the amount deductible under section 162(1) of the Internal Revenue Code of 1986 with respect to such individual for such taxable year, and (B) for purposes of subparagraph (A) of section 162(1)(2) of such Code, the amount of the earned income described in such subparagraph taken into account for such taxable year shall be the amount which bears the same ratio to the total amount of such earned income as the number of months in such taxable year ending before July 1, 1992, bears to the number of months in such taxable year. (b) Effective Date.— The amendment made by this section shall apply to taxable years beginning after December 31, 1991.