H.R. 5906 (112th): To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.

Introduced:
Jun 07, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Jared Polis [D-CO2]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on June 7, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 07, 2012
Referred to Committee Jun 07, 2012
Cosponsors
9 cosponsors (9D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Jun 07, 2012.
4 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

6/7/2012--Introduced.
Amends the Internal Revenue Code to:
(1) repeal the excise tax on medical devices;
(2) exclude from the gross receipts of major integrated oil companies (defined as companies with an average daily worldwide production of crude oil of at least 500,000 barrels and gross receipts in excess of $1 billion), for purposes of the tax deduction for income attributable to domestic production activities, receipts from the production, transportation, or distribution of oil, natural gas, or any primary product thereof; and
(3) prohibit the use of the last-in, first-out (LIFO) accounting method by major integrated oil companies.

House Republican Conference Summary

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