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IN SR0065
Resolution
Status
4/18/2017
Primary Sponsor
Howard Kenley
Click for details
AI Summary
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Indiana Senate urges the United States Congress to immediately repeal the 2.3 percent Medical Device Excise Tax that took effect on January 1, 2013
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Indiana is home to more than 1,687 life science companies with a significant portion being medical device manufacturers, employing over 56,198 workers and exporting more than $10 billion in products annually
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Employment in the United States medical device industry has declined by nearly 29,000 jobs since the tax was enacted, according to the United States Department of Commerce
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Congress passed a two-year moratorium on the medical device excise tax on December 18, 2015, but full repeal is needed to prevent decline in research and development and job losses
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Secretary of the Senate is directed to transmit a copy of this resolution to the Speaker of the United States House of Representatives and each member of the Indiana congressional delegation
Legislative Description
A SENATE RESOLUTION urging the United States Senate and House of Representatives to immediately vote to repeal the Medical Device Excise Tax.
Last Action
First reading: referred to Committee on Rules and Legislative Procedure
4/18/2017