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Congress Delays Medical Device and Other ACA Taxes
Posted by Chrissy Hammond on Wed, Jan 24, 2018 @ 08:16 AM

Congress has delayed three Affordable Care Act (ACA) taxes: the medical device excise tax, the health insurance provider fee, and the excise tax on high-dollar health plans. The delays are part of a federal government funding bill signed by President Trump on January 22.

Take away.

Unless Congress delayed the medical device excise tax, the first payments would have been due January 29. "Addressing the device tax now, before any payments are made on January 29, provides medical technology innovators with the certainty necessary to support future job growth and research and development," the Medical Device Coalition told Congress on January 19.

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Topics: ACA, Congress, Medical Device Excise Tax, Tax Reform, tax reform bill

IRS Issues Proposed Regulations on Medical Device Excise Tax
Posted by Michael Corrente on Fri, Feb 3, 2012 @ 03:00 PM

The IRS has issued proposed regulations that provide guidance on the medical device excise tax imposed by Code Sec. 4191. Starting in 2013, any manufacturer, producer or importer of certain medical devices is subject to the tax, which is equal to 2.3 percent of the price for which the medical device is sold. The medical devices tax was enacted by the Health Care and Education Reconciliation Act of 2010 (P.L. 111-152) in conjunction with the Patient Protection and Affordable Care Act (P.L. 111-148).

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Topics: Michael Corrente, taxable medical devices, tax, IRS, IRS Updates, Medical Device Excise Tax

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