115th CONGRESS 2d Session |
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,
This Act may be cited as the “Protect Medical Innovation Act of 2018”.
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.
(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.
Attest:
Clerk.
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AN ACT | |||||
To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices. |