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JCT Estimates Impact of Medical Device Tax Repeal Amendment

JUN. 1, 2015

JCX-88-15

DATED JUN. 1, 2015
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Citations: JCX-88-15

 

JOINT COMMITTEE ON TAXATION

 

June 1, 2015

 

JCX-88-15

 

 

The Chairman's amendment in the nature of a substitute modifies H.R. 160. Specifically, the amendment changes the effective date such that the medical device tax repeal applies to sales in calendar quarters beginning after the date of enactment.

The following presents the estimated Federal fiscal year budget effects of the Chairman's amendment:

                             Fiscal Years

 

                         [Billions of Dollars]

 

 _____________________________________________________________________

 

 

     2016     2017     2018     2019     2020     2021

 

 _____________________________________________________________________

 

 

     -1.8     -2.0     -2.1     -2.2     -2.3     -2.5

 

 

     2022     2023     2024     2025     2016-20    2016-25

 

 _____________________________________________________________________

 

 

     -2.6     -2.8     -2.9     -3.1       -10.4      -24.4

 

 _____________________________________________________________________

 

 

 NOTE: Details do not add to totals due to rounding.
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