H.R. 734 Amend the Internal Revenue Code 2011
LEGISLATIVE INFORMATION PAGE
Bill Number: H.R. 734
Title: To amend the Internal Revenue Code of 1986 to repeal the medical device tax, and for other purposes
Primary Sponsor: Bilbray (R-CA-50)
Introduced: 2/16/11: Referred to Ways & Means and Appropriations
Repeals the provision of the Internal Revenue Code, added by the Health Care and Education Reconciliation Act of 2010, which imposes an excise tax on medical devices.
Rescinds $39 billion of appropriated but unobligated discretionary funds. Exempts unobligated funds of the Department of Defense or the Department of Veterans Affairs. Requires the Director of the Office of Management and Budget to determine and identify from which appropriation accounts such rescissions shall apply and report to the Secretary of the Treasury and Congress on such rescissions.
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California Delegation Co-sponsors:
Calvert, Ken (R-44)
Hunter, Duncan (R-52)
Miller, Gary (R-42)
Rohrabacher, Dana (R-46)