Medical Device Access and Innovation Protection Act

S. 149 · 114th Congress · Jan 13, 2015 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.

This Act may be cited as the “Medical Device Access and Innovation Protection Act”.

(a)

In general— Chapter 32 of the Internal Revenue Code of 1986 is amended by striking subchapter E.

(b)

Conforming amendments—

(1)

Subsection (a) of section 4221 of such Code is amended by striking the last sentence.

(2)

Paragraph (2) of section 6416(b) of such Code is amended by striking the last sentence.

(c)

Clerical amendment— The table of subchapter for chapter 32 of such Code is amended by striking the item related to subchapter E.

(d)

Effective date— The amendments made by this section shall apply to sales after December 31, 2012.

Lineage

Jan 13, 2015viewing Introduced in Senate Mr. Hatch (for himself, Ms. Klobuchar, Mr. Toomey, Mr. Donnelly, Mr. Burr, Mr. Franken, Mr. Portman, Mr. Casey, Mr. Coats, Mrs. Shaheen, Mr. Alexander, Ms. Ayotte, Mr. Cassidy, Mr. Isakson, Ms. Murkowski, Mr. Scott, and Mr. Wicker) introduced the following bill; which was read twice and referred to the Committee on Finance