[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1576 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1576

To amend the Internal Revenue Code of 1986 to reinstate the excise tax 
 on certain vaccines and extend the Vaccine Injury Compensation Trust 
                                 Fund.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 31, 1993

  Mr. Matsui introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to reinstate the excise tax 
 on certain vaccines and extend the Vaccine Injury Compensation Trust 
                                 Fund.

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

SECTION 1.  EXTENSION OF THE EXCISE TAX ON CERTAIN VACCINES AND THE 
              VACCINE INJURY COMPENSATION TRUST FUND.

    (a) Tax.--Paragraphs (2) and (3) of section 4131(c) of the Internal 
Revenue Code of 1986 (relating to tax on certain vaccines) are each 
amended by striking ``1992'' each place it appears and inserting 
``1994''.
    (b) Trust Fund.--Paragraph (1) of section 9510(c) of such Code 
(relating to expenditures from Vaccine Injury Compensation Trust Fund) 
is amended by striking ``1992'' and inserting ``1994''.
    (c) Application of Tax.--Section 4131 of such Code is amended by 
adding at the end thereof the following new subsection:
    ``(d) Application of Section.--The tax imposed by this section 
shall apply--
            ``(1) after December 31, 1987, and before January 1, 1993, 
        and
            ``(2) except as provided subsection (c), during periods 
        after the date of the enactment of this subsection.''
    (d) Study.--The Secretary of the Treasury, in consultation with the 
Secretary of Health and Human Services, shall conduct a study of--
            (1) the estimated amount that will be paid from the Vaccine 
        Injury Compensation Trust Fund with respect to vaccines 
        administered after September 30, 1988, and before October 1, 
        1994,
            (2) the rates of vaccine-related injury or death with 
        respect to the various types of such vaccines,
            (3) new vaccines and immunization practices being developed 
        or used for which amounts may be paid from such Trust Fund,
            (4) whether additional vaccines should be included in the 
        vaccine injury compensation program, and
            (5) the appropriate treatment of vaccines produced by State 
        governmental entities.
The report of such study shall be submitted not later than 1 year after 
the date of the enactment of this Act, to the Committee on Ways and 
Means of the House of Representatives and the Committee on Finance of 
the Senate.
    (e) Floor Stocks Tax.--
            (1) Imposition of tax.--On any taxable vaccine--
                    (A) which was sold by the manufacturer, producer, 
                or importer before the date of the enactment of this 
                Act,
                    (B) on which no tax was imposed by section 4131 of 
                the Internal Revenue Code of 1986 (or, if such tax was 
                imposed, was credited or refunded), and
                    (C) which is held on such date by any person for 
                sale or use,
        there is hereby imposed a tax in the amount determined under 
        section 4131(b) of such Code.
            (2) Liability for tax and method of payment.--
                    (A) Liability for tax.--The person holding any 
                taxable vaccine to which the tax imposed by paragraph 
                (1) applies shall be liable for such tax.
                    (B) Method of payment.--The tax imposed by 
                paragraph (1) shall be paid in such manner as the 
                Secretary shall prescribe by regulations.
                    (C) Time for payment.--The tax imposed by paragraph 
                (1) shall be paid on or before the last day of the 6th 
                month beginning after the date of the enactment of this 
                Act.
            (3) Definitions.--For purposes of this subsection, terms 
        used in this subsection which are also used in section 4131 of 
        such Code shall have the respective meanings such terms have in 
        such section.
            (4) Other laws applicable.--All provisions of law, 
        including penalties, applicable with respect to the taxes 
        imposed by section 4131 of such Code shall, insofar as 
        applicable and not inconsistent with the provisions of this 
        subsection, apply to the floor stocks taxes imposed by 
        paragraph (1), to the same extent as if such taxes were imposed 
        by such section 4131.

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