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<PRE>[DOCID: f:h921ih.txt]






107th CONGRESS
  1st Session
                                H. R. 921

    To amend the Internal Revenue Code of 1986 to reduce the tax on 
                     vaccines to 25 cents per dose.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 7, 2001

Mr. Lewis of Kentucky 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 reduce the tax on 
                     vaccines to 25 cents per dose.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Vaccinate America's Children Now 
Act''.

SEC. 2. REDUCTION IN TAX ON VACCINES.

    (a) In General.--Paragraph (1) of section 4131(b) of the Internal 
Revenue Code of 1986 (relating to amount of tax) is amended by striking 
``75 cents'' and inserting ``25 cents''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on the date of the enactment of this Act.
    (c) Limitation on Certain Credits or Refunds.--For purposes of 
applying section 4132(b) of the Internal Revenue Code of 1986 with 
respect to any claim for credit or refund filed before January 1, 2002, 
the amount of tax taken into account shall not exceed the tax computed 
under the rate in effect on the day after the date of the enactment of 
this Act.
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