[' ', 'nper', '31,', 'gross', 'income', 'fcr', 'certain', 'distributions', '(accelerated', 'death', 'senel', 'ls', 'eived', 'ty', 'an', 'individual', 'under', 'a', 'life', 'insurance', 'contract', 'i=', 'the', 'insured', 'under', 'the', 'contract', 'is', 'terminally', '111.', 'For', 'insurance', 'company', 'tax', 'purposes,', 'the', 'bill', 'would', 'provide', 'that', 'a', 'qualified', 'accelerated', 'death', 'benefit', 'rider', 'to', 'a', 'life', 'insurance', 'contract', 'is', 'treated', 'ag', 'life', 'insurance', 'and', 'that', 'such', 'a', 'rider', 'is', 'treated', 'as', 'a', 'qualified', 'additional', 'benefit.', 'The', 'provision', 'relating', '‘to', 'the', 'tax', 'treatment', 'of', 'insurance', 'companies', 'would', 'apply', 'to', 'contracts', 'issued', 'after', 'December', '31,', '1993.', 'Tax', 'incentives', 'for', 'health', 'services', 'providers', 'Nonrefundable', 'credit', 'for', 'certain', 'primary', 'health', 'services', 'providers', '‘sec.', '7801).--Under', 'the', 'bill,', 'a', 'physician', 'who', 'provides', 'primary', 'health', 'services', 'in', 'certain', 'medically', 'underserved', 'areas', 'would', 'be', 'eligible', 'for', 'a', 'nonrefundable', 'credit', 'against', 'Federal', 'income', 'taxes', 'of', '$1,000', 'per', 'month', 'for', 'up', 'to', '60', 'months.', 'The', 'provision', 'would', 'be', 'effective', 'for', 'taxable', 'years', 'beginning', 'after', 'December', '31,', '1994.', 'medi', 'j', '7', '.--Under', 'present', 'law,', 'in', 'lieu', 'of', 'taking', 'depreciation,', 'a', 'taxpayer', 'with', 'a', 'sufficiently', 'small', 'amount', 'of', 'annual', 'investment', 'may', 'elect', 'to', 'deduct', 'up', 'to', '$17,500', 'of', 'the', 'cost', 'of', 'qualifying', 'property', 'placed', 'in', 'service', 'for', 'the', 'taxable', 'year', 'under', 'Code', 'section', '179.', 'The', 'bill', 'would', 'increase', 'the', 'amount', 'allowed', 'to', 'he', 'deducted', 'under', 'section', '179', 'in', 'a', 'taxable', 'year', 'by', 'the', 'lesser', 'of', '(1)', 'the', 'cost', 'of', 'section', '179', 'property', 'which', 'is', 'health', 'care', 'property', 'placed', 'in', 'service', 'during', 'the', 'year,', 'or', '(2)', '$10,000.', 'The', 'provision', 'would', 'apply', 'to', 'property', 'placed', 'in', 'service', 'after', 'December', '31,', '1994.', 'Miscellaneous', 'provisions', 'Tax', 'credit', 'for', 'personal', 'assistance', 'services', '(sec.', '790]).--Effective', 'for', 'taxable', 'years', 'beginning', 'after', 'December', '31,', '1995,', 'the', 'bill', 'would', 'provide', 'a', 'nonrefundable', 'tax', 'credit', 'for', 'up', 'to', '50', 'percent', 'of', 'an', 'employed', 'individual’s', 'personal', 'assistance', 'expenses', 'up', 'to', '$15,000.', 'Reni', ':', 'wi', '=r', 'i', '7', '--Under', 'present', 'law,', 'interest', 'on', 'bonds', 'issued', 'to', 'finance', 'activities', 'of', 'State', 'and', 'local', 'governments', 'generally', 'is', 'tax', 'exempt.', 'However,', 'interest', 'on', 'private', 'activity', 'bonds', 'is', 'taxable', 'unless', 'the', 'bonds', 'are', 'issued', 'for', 'a', 'purpose', 'specifically', 'identified', 'in', 'the', 'Internal', 'Revenue', 'Code.', 'The', 'bill', 'would', 'provide', 'that', 'regional', 'and', 'corporate', 'health', 'alliances', 'created', 'pursuant', 'to', 'the', 'bill', 'would', 'be', 'treated', 'as', 'private', 'businesses', 'that', 'are', 'generally', 'not', 'eligible', 'for', 'tax-exempt', '9791', 'b0CL02']