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A bill to repeal the medical device excise tax, and for other purposes.
1/11/2023, 1:27 PM
Congressional Summary of S 844
This bill repeals the excise tax on medical devices and offsets the cost of such repeal by prohibiting: (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 their existing leases to generate payment of royalties from such leases.
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Current Status of Bill S 844
Bill S 844 is currently in the status of Bill Introduced since March 24, 2015. Bill S 844 was introduced during Congress 114 and was introduced to the Senate on March 24, 2015. Bill S 844's most recent activity was Read twice and referred to the Committee on Finance. as of March 24, 2015
Bipartisan Support of Bill S 844
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 844
Primary Policy Focus
TaxationPotential Impact Areas
- Accounting and auditing
- Energy prices
- Energy revenues and royalties
- Gulf of Mexico
- Health technology, devices, supplies
- Marine and coastal resources, fisheries
- Oil and gas
- Sales and excise taxes
- Tax administration and collection, taxpayers
Alternate Title(s) of Bill S 844
A bill to repeal the medical device excise tax, and for other purposes.
A bill to repeal the medical device excise tax, and for other purposes.
Comments
Sponsors and Cosponsors of S 844
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