S.Amdt. 3214

SA 3214. Ms. KLOBUCHAR (for herself, Mr. Hatch, Mr. Franken, Mr. Toomey, Mrs. Shaheen, Mrs. Hagan, Mr. Donnelly, Mr. Coats, Mr. McConnell, Mr. Udall of Colorado, Mr. Casey, and Ms. Collins) submitted an amendment intended to be proposed by her to the bill H.R. 3474, to amend the Internal Revenue Code of 1986 to allow employers to exempt employees with health coverage under TRICARE or the Veterans Administration from being taken into account for purposes of the employer mandate under the Patient Protection and Affordable Care Act; which was ordered to lie on the table; as follows:

At the end, add the following:

TITLE--MORATORIUM ON MEDICAL DEVICE TAX

SEC. ___. MORATORIUM ON APPLICATION OF MEDICAL DEVICE TAX AND REFUND OF AMOUNTS PAID.

(a) Moratorium on Application of Tax.--

(1) In general.--Section 4191 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:

“(c) Moratorium.--The tax imposed under subsection (a) shall not apply to sales during the period beginning on January 1, 2014, and ending on December 31, 2015.”.

(2) Effective date.--The amendment made by this subsection shall apply to sales after December 31, 2013.

(b) Refund of Amounts Paid.--The Secretary of the Treasury shall prescribe such regulations as may be necessary or appropriate to provide a refund, with interest, to any manufacturer, producer, or importer of taxable medical devices in an amount equal to the taxes imposed by section 4191 of the Internal Revenue Code of 1986 that were paid by such manufacturer, producer, or importer for the sale of any such devices between the period after December 31, 2013, and before the date of the enactment of this Act.