To amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.

Summary

Amends the Internal Revenue Code to: (1) repeal the excise tax on medical devices; (2) exclude from the gross receipts of major integrated oil companies (defined as companies with an average daily worldwide production of crude oil of at least 500,000 barrels and gross receipts in excess of $1 billion), for purposes of the tax deduction for income attributable to domestic production activities, receipts from the production, transportation, or distribution of oil, natural gas, or any primary product thereof; and (3) prohibit the use of the last-in, first-out (LIFO) accounting method by major integrated oil companies.

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Timeline

1. 7 June 2012

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 June 2012

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 June 2012

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 June 2012 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 June 2012

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 June 2012

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 7 June 2012

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Polis, Jared [D-CO-2] · D · Sponsor
• Rep. McCollum, Betty [D-MN-4] · D · Sponsor
• Rep. Owens, William L. [D-NY-23] · D · Sponsor
• Rep. Ross, Mike [D-AR-4] · D · Sponsor
• Rep. Capuano, Michael E. [D-MA-8] · D · Sponsor
• Rep. Davis, Susan A. [D-CA-53] · D · Sponsor
• Rep. Sherman, Brad [D-CA-32] · D · Sponsor
• Rep. Kind, Ron [D-WI-3] · D · Sponsor
• Rep. Perlmutter, Ed [D-CO-7] · D · Cosponsor
• Rep. Tsongas, Niki [D-MA-3] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Health Care Cost Reduction Act of 2012
• related to → Save Our Medical Devices Act of 2011
• related to → To amend the Internal Revenue Code of 1986 to repeal the medical device tax, and for other purposes.
• related to ← Medical Device Access and Innovation Protection Act
• related to ← A bill to repeal the excise tax on medical device manufacturers.