1981
HR 3590 EAS/PP
(2) A
NNUAL PAYMENT DATE
.--For purposes of
1
this section, the term ``annual payment date'' means
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with respect to any calendar year the date determined
3
by the Secretary, but in no event later than Sep-
4
tember 30 of such calendar year.
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(b) D
ETERMINATION OF
F
EE
A
MOUNT
.--
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(1) I
N GENERAL
.--With respect to each covered
7
entity, the fee under this section for any calendar
8
year shall be equal to an amount that bears the same
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ratio to $2,000,000,000 as--
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(A) the covered entity's gross receipts from
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medical device sales taken into account during
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the preceding calendar year, bear to
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(B) the aggregate gross receipts of all cov-
14
ered entities from medical device sales taken into
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account during such preceding calendar year.
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(2) G
ROSS RECEIPTS FROM SALES TAKEN INTO
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ACCOUNT
.--For purposes of paragraph (1), the gross
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receipts from medical device sales taken into account
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during any calendar year with respect to any covered
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entity shall be determined in accordance with the fol-
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lowing table:
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With respect to a covered entity's aggregate gross re-
ceipts from medical device sales during the calendar
year that are:
The percentage of gross
receipts taken into ac-
count is:
Not more than $5,000,000 ..........................................
0 percent
More than $5,000,000 but not more than
$25,000,000.
50 percent