H.R.1233: To amend the Internal Revenue Code of 1986 to allow a bad debt deduction to doctors to partially offset the cost of providing uncompensated care required to be provided under the amendments made by the Emergency Medical Treatment and Labor Act.

Mitigating the Impact of Uncompensated Service and Time Act of 2007 - Amends the Internal Revenue Code to allow certain physicians a bad debt tax deduction for their costs in providing uncompensated care as required under the Social Security Act to emergency room patients and pregnant women in labor.