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IN HR0072
Resolution
Status
4/20/2017
Primary Sponsor
Peggy Mayfield
Click for details
AI Summary
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Indiana House of Representatives urges U.S. Congress to immediately repeal the 2.3 percent excise tax on medical devices that took effect January 1, 2013
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Indiana hosts more than 1,687 life science companies with 56,198 workers in medical technology, exporting over $10 billion in products annually (second highest by state) and accounting for 28 percent of Indiana's total manufacturing exports
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U.S. medical device industry has declined by nearly 29,000 jobs since the tax's enactment and faces potential decline in research and development without full repeal
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United States medical technology industry generates a $5.4 billion trade surplus and is the only net exporter of medical devices globally
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Principal Clerk of the House shall transmit resolution to Speaker Paul Ryan and each member of the Indiana congressional delegation
Legislative Description
Urging the United States House of Representatives and the United States Senate to immediately vote to repeal the Medical Device Excise Tax.
Last Action
First reading: referred to the Committee on Public Health
4/20/2017