United States · Bill · S
S. 2287 (115th)
No Taxation on Device Innovation Act
Introduced
10 January 2018
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
11 August 2025
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.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 10 January 2018
Introduced in Senate (PDF)
Introduced in Senate · EN · 10 January 2018
Introduced in Senate
summary · EN · 10 January 2018
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/115th-congress/senate-bill/2287
- Open data entity: https://api.congress.gov/v3/bill/115/s/2287