Amendment #588 to H4000

An Amendment to Establish a Medical Device Tax Credit Commission

Representatives Kuros of Uxbridge, Fattman of Sutton, Dwyer of Woburn, DiNatale of Fitchburg, D'Emilia of Bridgewater, Jones of North Reading, Durant of Spencer, Cole of Peabody, O'Connell of Taunton and Howitt of Seekonk move to amend the bill by adding the following new section:-

“SECTION XX. (a) There is hereby established a commission to study the feasibility of establishing a tax credit for medical device manufacturing companies that are adversely affected by increases in the medical device tax pursuant to section 1405 of the Patient Protection and Affordable Care Act, Public Law 111-148. In studying the feasibility of such a credit, the commission shall examine, including but not limited to: the potential cost to the commonwealth; the potential benefit derived by affected businesses; and the economic impact on the commonwealth of instituting such a credit.

(b) The commission shall be comprised of the following 9 members: the commissioner of the department of revenue or a designee who shall serve as chair; 1 member of the Senate appointed by the Senate President; 1 member appointed by the Senate Minority Leader; 1 member of the House of Representatives appointed by the Speaker of the House; 1 member of the House of Representatives appointed by the House Minority Leader; 1 representative of the Massachusetts Medical Society; 1 representative of the Medical Device Industry Council; 1 representative of the Associated Industries of Massachusetts; and 1 representative of the Massachusetts Biotechnology Council.

(c) The commission shall hold its first meeting within 60 days after passage of this act. The commission shall file a report detailing its work, findings, and the feasibility of such a credit, including any legislative recommendations, with the Clerks of the House of Representatives and the Senate on or before December 31, 2014.”.