US Congress House Bill 1295 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on March 20 2013 - 25% progression, died in committee
Action: 2013-03-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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).

Medical Device Tax Elimination Act

Rep. Daniel Maffei [D-NY]	Rep. Bill Foster [D-IL]	Rep. Ann Kuster [D-NH]	Rep. Zoe Lofgren [D-CA]
Rep. Jared Polis [D-CO]	Rep. Niki Tsongas [D-MA]	Rep. Melvin Watt [D-NC]

Date	Chamber	Action
2013-03-20	House	Referred to the House Committee on Ways and Means.

HB523 (Related) 2013-02-06 - Referred to the House Committee on Ways and Means.
SB232 (Related) 2013-02-07 - Read twice and referred to the Committee on Finance.
HB699 (Related) 2013-03-01 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
HB2956 (Related) 2013-08-09 - Referred to the Subcommittee on Energy and Mineral Resources.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/1295/all-info
Text	https://www.congress.gov/113/bills/hr1295/BILLS-113hr1295ih.pdf