US SB2287 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 10 2018 - 25% progression, died in committee
Action: 2018-01-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2018 - 25% progression, died in committee
Action: 2018-01-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
No Taxation on Device Innovation Act This bill amends the Internal Revenue Code to repeal the excise tax on medical devices. The bill also prohibits: (1) major integrated oil companies from using the last-in, first-out (LIFO) accounting method; and (2) the issuance of new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to any person who does not renegotiate certain existing leases to require royalty payments if the price of oil and natural gas is greater than or equal to specified price thresholds.
Title
No Taxation on Device Innovation Act
Sponsors
| Sen. Edward Markey [D-MA] | Sen. Elizabeth Warren [D-MA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-01-10 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB184 (Related) 2018-07-26 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 528.
SB108 (Related) 2017-01-12 - Read twice and referred to the Committee on Finance.
HR1011 (Similar To) 2018-07-24 - Motion to reconsider laid on the table Agreed to without objection.
SB108 (Related) 2017-01-12 - Read twice and referred to the Committee on Finance.
HR1011 (Similar To) 2018-07-24 - Motion to reconsider laid on the table Agreed to without objection.
Subjects
Accounting and auditing
Energy prices
Energy revenues and royalties
Gulf of Mexico
Health technology, devices, supplies
Marine and coastal resources, fisheries
Oil and gas
Sales and excise taxes
Tax administration and collection, taxpayers
Taxation
Energy prices
Energy revenues and royalties
Gulf of Mexico
Health technology, devices, supplies
Marine and coastal resources, fisheries
Oil and gas
Sales and excise taxes
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/senate-bill/2287/all-info |
| Text | https://www.congress.gov/115/bills/s2287/BILLS-115s2287is.pdf |
