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US HR488

US HR488
Save Our Medical Devices Act of 2011


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th Congress

Bill Summary

Save Our Medical Devices Act of 2011 - Amends the Internal Revenue Code to repeal the excise tax on medical devices.

AI Summary

This bill, known as the Save Our Medical Devices Act of 2011, aims to remove a specific tax imposed on medical devices by amending the Internal Revenue Code of 1986. The "excise tax" is a tax levied on the production or sale of certain goods, and in this case, it was applied to medical devices. By repealing this tax, the bill seeks to alleviate financial burdens associated with these devices, which could potentially impact their cost and accessibility.

Committee Categories

Budget and Finance

Sponsors (16)

Last Action

Referred to the House Committee on Ways and Means. (on 01/26/2011)

bill text


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