115th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.
January 12, 2017
Mr. Hatch (for himself, Ms. Klobuchar, Mr. Portman, Mr. Donnelly, Mr. Young, Mr. Casey, Mr. Toomey, Mrs. Shaheen, Mr. Isakson, and Mr. Franken) 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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Medical Device Access and Innovation Protection Act”.
SEC. 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.
(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 subchapters 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, 2017.