H.R. 160 — Placed on Calendar (Senate)

II Calendar No. 125 114th CONGRESS 1st Session H. R. 160 IN THE SENATE OF THE UNITED STATES June 22, 2015Received; read the first time June 23, 2015Read 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 2015. 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. 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.Karen L. Haas,Clerk June 23, 2015Read the second time and placed on the calendar