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
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.
Repeal of medical device excise tax
Chapter 32 of the Internal Revenue Code of 1986 is amended by striking subchapter E.
Subsection (a) of section 4221 of such Code is amended by striking the last sentence.
Paragraph (2) of section 6416(b) of such Code is amended by striking the last sentence.
The table of subchapter for chapter 32 of such Code is amended by striking the item related to subchapter E.
The amendments made by this section shall apply to sales after December 31, 2012.