H.R. 488 (112th): Save Our Medical Devices Act of 2011

The text of the bill below is as of Jan 26, 2011 (Introduced).

Source: GPO

I

112th CONGRESS

1st Session

H. R. 488

IN THE HOUSE OF REPRESENTATIVES

January 26, 2011

(for himself, Mr. Thompson of Pennsylvania, Mr. Holden, Mr. Dent, Mr. Altmire, Mr. Kelly, Mr. Marino, Mr. Platts, and Mr. Pitts) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

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

1.

Short title

This Act may be cited as the Save Our Medical Devices Act of 2011.

2.

Repeal of medical device excise tax

(a)

In general

Section 4191 of the Internal Revenue Code of 1986 is hereby repealed.

(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.