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House approves tax deduction to help self‑employed buy health insurance
Utah House of Representatives · February 27, 1996
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Summary
The House passed House Bill 404 to allow self‑employed and small‑business taxpayers to deduct a portion of health insurance premiums from taxable income (amended from 100% to 70% to reduce the fiscal impact). The bill passed 57–3 and will be sent to the Senate.
SALT LAKE CITY — The Utah House on Feb. 27 approved House Bill 404, a measure that creates a state tax deduction for premiums paid by self‑insured individuals and small businesses, with an amendment reducing the full deduction to 70 percent to limit the fiscal impact.
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