To amend the Internal Revenue Code of 1986 to repeal the unearned income medicare contribution.
Latest action · Apr 14, 2011 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 14, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to repeal the 3.8% Medicare contribution tax on net investment income.
Cosponsors 20
Members who signed on, in the order they did. Signatures ran from May 2, 2011 to Aug 2, 2012.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IN | Dan Burton | May 2, 2011 | |
| R-TX | Ron Paul | May 24, 2011 | |
| R-FL | Dennis A. Ross | Oct 24, 2011 | |
| R-IL | Joe Walsh | Oct 24, 2011 | |
| R-TX | Michael T. McCaul | Oct 24, 2011 | |
| R-NC | Walter B. Jones | Oct 24, 2011 | |
| D-NC | Larry Kissell | Jan 24, 2012 | |
| R-TN | Marsha Blackburn | Mar 5, 2012 | |
| R-OH | Patrick J. Tiberi | Mar 5, 2012 | |
| R-NY | Richard L. Hanna | Mar 5, 2012 | |
| R-OH | Steve Stivers | Mar 5, 2012 | |
| R-NY | Peter T. King | Mar 8, 2012 | |
| R-NY | Robert L. Turner | Mar 19, 2012 | |
| R-MO | Blaine Luetkemeyer | Mar 20, 2012 | |
| R-MI | Bill Huizenga | Mar 27, 2012 | |
| R-VA | Robert J. Wittman | Mar 27, 2012 | |
| R-GA | Paul C. Broun | Jun 28, 2012 | |
| R-GA | Jack Kingston | Jul 23, 2012 | |
| R-FL | David Rivera | Jul 25, 2012 | |
| R-CA | Gary G. Miller | Aug 2, 2012 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Apr 14, 2011 |
Actions 2
Everything that happened, newest first.
- Apr 14, 2011Introduced in House
- Apr 14, 2011Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H2856.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R41413 | The 3.8% Medicare Contribution Tax on Unearned Income, Including Real Estate Transactions Archived | Report | May 18, 2012 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to repeal the unearned income medicare contribution.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 14, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.