Medical Device Access and Innovation Protection Act

Bill: 114-s-149
Sponsor: full_name: Sen. Hatch, Orrin G. [R-UT]
Introduced: 2015-01-13
Policy area: Taxation
Subjects: Health technology, devices, supplies

Sales and excise taxes
Latest action: action_date: 2015-01-13
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2015-01-13
action_desc: Introduced in Senate
text: <p><strong>Medical Device Access and Innovation Protection Act</strong></p> <p>This bill amends the Internal Revenue Code to repeal the excise tax on medical device manufacturers and importers. </p>

tv_txt: II 114th CONGRESS 1st Session S. 149 IN THE SENATE OF THE UNITED STATES January 13, 2015 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 A BILL To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.

1. Short title This Act may be cited as the Medical Device Access and Innovation Protection Act . 2. Repeal of medical device excise tax (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.