Medical Device Tax Elimination Act
Latest action · Mar 20, 2013 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 20, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Medical Device Tax Elimination Act - Amends the Internal Revenue Code to: (1) repeal the excise tax on medical devices; (2) deny major integrated oil companies (companies which have an average daily worldwide annual production of crude oil of at least 500,000 barrels and annual gross receipts in excess of $1 billion) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) prohibit the use of the last-in, first-out (LIFO) accounting method by major integrated oil companies; and (4) deny the foreign tax credit to major integrated oil companies that are dual taxpayers (companies that receive an economic benefit from a foreign country or a possession of the United States that does not impose a generally applicable income tax).
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Mar 20, 2013 to Nov 13, 2013, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CO | Jared Polis | Original | Mar 20, 2013 |
| D-MA | Niki Tsongas | Apr 9, 2013 | |
| D-NC | Melvin L. Watt | Apr 18, 2013 | |
| D-CA | Zoe Lofgren | Sep 30, 2013 | |
| D-IL | Bill Foster | Oct 8, 2013 | |
| D-NH | Ann M. Kuster | Nov 13, 2013 |
Actions 2
Everything that happened, newest first.
- Mar 20, 2013Introduced in House
- Mar 20, 2013Referred to the House Committee on Ways and Means.
Related bills 4
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 232 | Medical Device Access and Innovation Protection Act | Related bill | Feb 7, 2013 |
| HR 523 | Protect Medical Innovation Act of 2013 | Related bill | Feb 6, 2013 |
| HR 699 | Stop the Sequester Job Loss Now Act | Related bill | Mar 1, 2013 |
| HR 2956 | End Welfare for Big Oil Act of 2013 | Related bill | Aug 9, 2013 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 20, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.