[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1549 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1549

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


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 14, 2011

  Mr. Grimm 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 repeal the unearned 
                     income Medicare contribution.

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

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.
    (b) Conforming Amendments.--Section 6654 of such Code is amended--
            (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'', and
            (2) in subsection (f)--
                    (A) by striking ``plus'' at the end of paragraph 
                (2) and inserting ``minus'', and
                    (B) by striking paragraph (3) and redesignating 
                paragraph (4) as paragraph (3).
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2012.
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