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HR 1533 114th Congress House Taxation Accounting and auditing Health technology, devices, supplies Income tax credits Income tax deductions Oil and gas Sales and excise taxes Tax administration and collection, taxpayers Taxation of foreign income

Medical Device Tax Elimination Act

Introduced: March 23, 2015 Introduced by: Adams, Alma S. Democratic · North Carolina See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 7, 2015
Referred to the Subcommittee on Health.
Mar 23, 2015
Referred to the House Committee on Ways and Means.
Mar 23, 2015
Introduced in House
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 Plain-English summary Congressional Research Service

Medical Device Tax Elimination Act

This bill amends the Internal Revenue Code to repeal the excise tax on medical devices and offsets the cost of such repeal by: (1) eliminating the tax deduction for income attributable to oil, natural gas, or primary products thereof for major integrated oil companies (companies that have an average daily worldwide annual production of crude oil of at least 500,000 barrels and annual gross receipts in excess of $1 billion); (2) prohibiting the use of the last-in, first-out (LIFO) accounting method by major integrated oil companies; and (3) denying the foreign tax credit to major integrated oil companies that are dual taxpayers (companies that receive an economic benefit from a foreign country or a possession of the United States that does not impose a generally applicable income tax).

What's happening now April 7, 2015

Referred to the Subcommittee on Health.

 Related & companion bills 3
  • S 844 Related bill A bill to repeal the medical device excise tax, and for other purposes.
  • S 1907 Related bill Close Big Oil Tax Loopholes Act
  • S 2089 Related bill American Energy Innovation Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 5
D
Lofgren, Zoe
California · Jul 14, 2015
 D
Foster, Bill
Illinois · Jul 7, 2015
 D
Cohen, Steve
Tennessee · Jun 17, 2015
 D
Lieu, Ted
California · Jun 17, 2015
 D
McCollum, Betty
Minnesota · Jun 9, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1533: Medical Device Tax Elimination Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1533/
MLA
"H.R. 1533: Medical Device Tax Elimination Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1533/.
Bluebook (legal)
H.R. 1533, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1533/.
Markdown link
[H.R. 1533: Medical Device Tax Elimination Act](https://openamerica.io/bill/114-HR-1533/)
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