S. 262 Repeal the Excise Tax on Medical Device Manufactures 2011
LEGISLATIVE INFORMATION PAGE
Bill Number: S. 262
Title: A bill to repeal the excise tax on medical device manufactures
Primary Sponsor: Brown (R- Massachusetts)
Introduced: 2/3/11; Referred to Finance Committee
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 except 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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No California Delegation Co-sponsors