Text: H.R.160 — 114th Congress (2015-2016)All Bill Information (Except Text)

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Placed on Calendar Senate (06/23/2015)

Calendar No. 125

114th CONGRESS
1st Session
H. R. 160


To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.


IN THE SENATE OF THE UNITED STATES

June 22, 2015

Received; read the first time

June 23, 2015

Read the second time and placed on the calendar


AN ACT

To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Protect Medical Innovation Act of 2015”.

SEC. 2. Repeal of medical device excise tax.

(a) In general.—Chapter 32 of the Internal Revenue Code of 1986 is amended by striking subchapter E.

(b) Conforming amendments.—

(1) Subsection (a) of section 4221 of such Code is amended by striking the last sentence.

(2) Paragraph (2) of section 6416(b) of such Code is amended by striking the last sentence.

(c) Clerical amendment.—The table of subchapters for chapter 32 of such Code is amended by striking the item relating to subchapter E.

(d) Effective date.—The amendments made by this section shall apply to sales in calendar quarters beginning after the date of the enactment of this Act.

SEC. 3. Budgetary effects.

The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.

Passed the House of Representatives June 18, 2015.

Attest:
Karen L. Haas,

Clerk  


Calendar No. 125

114th CONGRESS
     1st Session
H. R. 160

AN ACT
To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.

June 23, 2015
Read the second time and placed on the calendar