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S 844 114th Congress Senate Taxation 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

A bill to repeal the medical device excise tax, and for other purposes.

Introduced: March 24, 2015 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 24, 2015
Read twice and referred to the Committee on Finance.
Mar 24, 2015
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now March 24, 2015

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1