WASHINGTON-Tire dealers and other small businessmen who qualify as ``self-employed'' for tax purposes will benefit from Congress' actions to permanently reinstate the health insurance tax deduction for the self-employed. House-Senate conferees agreed March 28 to adopt the Senate version of the deduction, which allows a 25-percent health insurance deduction for tax year 1994 and a 30-percent deduction in subsequent years.
The Senate passed its bill by voice vote March 24. The House version, passed earlier this year, would have kept the permanent deduction at 25 percent.
The National Tire Dealers & Retreaders Association is ``absolutely delighted'' by the Congressional action, according to Donald T. Wilson, NTDRA government relations director.
``Our goal is to obtain a 100 percent health insurance deduction, and we hope Congress will move (in that direction) during the months ahead,'' he said.
``However, the Senate bill is a very, very positive step,'' Mr. Wilson added.