skip to main content

H.R. 184 (115th): Protect Medical Innovation Act of 2018

The text of the bill below is as of Jul 26, 2018 (Placed on Calendar in the Senate).


II

Calendar No. 528

115th CONGRESS

2d Session

H. R. 184

IN THE SENATE OF THE UNITED STATES

July 25, 2018

Received; read the first time

July 26, 2018

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.

1.

Short title

This Act may be cited as the Protect Medical Innovation Act of 2018.

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 after December 31, 2019.

Passed the House of Representatives July 24, 2018.

Karen L. Haas,

Clerk

July 26, 2018

Read the second time and placed on the calendar