Bill Text: OH SCR1 | 2013-2014 | 130th General Assembly | Introduced
Bill Title: To urge the Congress of the United States and the
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced - Dead) 2013-02-12 - To Medicaid, Health & Human Services [SCR1 Detail]
Download: Ohio-2013-SCR1-Introduced.html
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Senator Jordan
Cosponsors:
Senators Obhof, Schaffer, Bacon, Jones, Seitz, Beagle
To urge the Congress of the United States and the | 1 |
President of the United States to repeal the new | 2 |
federal excise tax on medical devices. | 3 |
BE IT RESOLVED BY THE SENATE OF THE STATE OF OHIO
(THE HOUSE OF REPRESENTATIVES CONCURRING):
WHEREAS, A new 2.3% federal excise tax on the sale of taxable | 4 |
medical devices by manufacturers, producers, and importers of such | 5 |
devices took effect on January 1, 2013; and | 6 |
WHEREAS, The Joint Committee on Taxation estimates that the | 7 |
tax will generate $29 billion in revenue in its first ten years; | 8 |
and | 9 |
WHEREAS, The United States is a net exporter in medical | 10 |
devices, exporting $5.4 billion more than it imports, and accounts | 11 |
for 40% of the global medical technology market; and | 12 |
WHEREAS, A study completed by the Manhattan Institute found | 13 |
that the medical device tax will almost double the medical device | 14 |
industry's total tax bill and could result in the loss of up to | 15 |
43,000 jobs in the medical technology industry; and | 16 |
WHEREAS, The medical device tax will harm the United States' | 17 |
global competitiveness, stunt medical innovation, and restrict the | 18 |
ability of patients to receive the life-saving medical devices and | 19 |
care they need; and | 20 |
WHEREAS, The medical device tax is imposed on United States | 21 |
sales, rather than profits, of medical device manufacturers, so | 22 |
will be particularly damaging to innovative start-up companies; | 23 |
now therefore be it | 24 |
RESOLVED, That we, the members of the 130th General Assembly | 25 |
of the State of Ohio, on behalf of all citizens of this state, | 26 |
urge the President of the United States and the Congress of the | 27 |
United States to repeal the excise tax on medical devices; and be | 28 |
it further | 29 |
RESOLVED, That the Clerk of the Senate transmit duly | 30 |
authenticated copies of this resolution to the President of the | 31 |
United States, the President Pro Tempore and Secretary of the | 32 |
United States Senate, the Speaker and Clerk of the United States | 33 |
House of Representatives, each member of the Ohio Congressional | 34 |
delegation, and the news media of Ohio. | 35 |