HR 1549 IHCommentsClose CommentsPermalink

112th CONGRESSCommentsClose CommentsPermalink

1st SessionCommentsClose CommentsPermalink

H. R. 1549CommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to repeal the unearned income Medicare contribution.CommentsClose CommentsPermalink

IN THE HOUSE OF REPRESENTATIVESCommentsClose CommentsPermalink

April 14, 2011CommentsClose CommentsPermalink

Mr. GRIMM introduced the following bill; which was referred to the Committee on Ways and MeansCommentsClose CommentsPermalink

A BILLCommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to repeal the unearned income Medicare contribution.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. REPEAL OF UNEARNED INCOME MEDICARE CONTRIBUTION.

(a) In General- Subtitle A of the Internal Revenue Code of 1986 is amended by striking chapter 2A and by striking the item relating to chapter 2A from the table of chapters for such subtitle.CommentsClose CommentsPermalink





(b) Conforming Amendments- Section 6654 of such Code is amended--CommentsClose CommentsPermalink





(1) in subsection (a), by striking ‘the tax under chapter 2, and the tax under chapter 2A’ and inserting ‘and the tax under chapter 2’, andCommentsClose CommentsPermalink





(2) in subsection (f)--CommentsClose CommentsPermalink





(A) by striking ‘plus’ at the end of paragraph (2) and inserting ‘minus’, andCommentsClose CommentsPermalink





(B) by striking paragraph (3) and redesignating paragraph (4) as paragraph (3).CommentsClose CommentsPermalink





(c) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2012.CommentsClose CommentsPermalink