H. R. 160
IN THE HOUSE OF REPRESENTATIVES
To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.
This Act may be cited as the
Protect Medical Innovation Act of 2015.
Repeal of medical device excise tax
Chapter 32 of the Internal Revenue Code of 1986 is amended by striking subchapter E.
Subsection (a) of section 4221 of such Code is amended by striking the last sentence.
Paragraph (2) of section 6416(b) of such Code is amended by striking the last sentence.
The table of subchapters for chapter 32 of such Code is amended by striking the item relating to subchapter E.
The amendments made by this section shall apply to sales in calendar quarters beginning after the date of the enactment of this Act.
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.
Karen L. Haas,