Loading chat...
OH HR300
Resolution
Status
Introduced
12/4/2017
Primary Sponsor
Ron Young
Click for details
AI Summary
- Urges Congress and the President to repeal the federal excise tax on medical devices
- Notes Congress suspended the tax in 2015 until January 1, 2018
- The Joint Committee on Taxation estimated repeal costs would equal $19.6 billion over ten years
- Medical technology employment declined 28,834 jobs (7.2% decrease) between 2012 and 2015 during tax implementation
- Tax is imposed on sales rather than profits, disproportionately harming innovative start-up companies
Legislative Description
To urge the Congress of the United States and the President of the United States to repeal the federal excise tax on medical devices.
Last Action
Introduced and Referred to Committee: Ways and Means
12/4/2017
Committee Referrals
Ways and Means12/4/2017
Full Bill Text
No bill text available