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Medical Devices › Medical Device Tax

Hogan Lovells

Congress passes FY 2020 funding bill with tax benefits for energy, health care, and retirement plans

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In a rare display of bipartisanship, after intense last minute negotiations between congressional leadership and the Executive Branch, President Donald Trump signed into law legislation passed last week by Congress to...more

Foley Hoag LLP

The Medical Device Excise Tax: Frequently-Suspended Tax May Take Effect on January 1, 2020

Foley Hoag LLP on

Highlights: ..Unless Congress acts in the next three weeks, effective as of January 1, 2020, a 2.3% excise tax (the “Medical Device Tax”) generally will be imposed on the price at which a “taxable medical device” is sold...more

BakerHostetler

The Weekly Hill Update

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HEADLINES - President Donald Trump has two Midwest trips scheduled this week, while he continues to face bipartisan criticism on his performance last week in Europe....more

Knobbe Martens

The Medical Device Tax Lives On

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For opponents of the 2.3 percent medical device tax, it looked like the repeal/replacement of the Affordable Care Act would alleviate their concerns. However, following the failure of repeal legislation that would have...more

Knobbe Martens

Medical Device Excise Tax Remains in Limbo

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President Trump and Paul Ryan (R-Wis) have not yet successfully replaced the Affordable Care Act with the American Health Care Act (“AHCA”). The medical device industry had been paying particular attention to the proposed...more

Knobbe Martens

Obamacare Replacement Would Repeal Medical Device Tax

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Republican lawmakers recently proposed a replacement of Obamacare known as the American Health Care Act (AHCA). One provision of the proposed legislation would permanently repeal Obamacare’s 2.3% medical device excise tax. ...more

Knobbe Martens

Potential Repeal of Medical Device Tax

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With the upcoming Republican-dominated Presidency and Congress in 2017, the Affordable Care Act, or at least parts of it, look to be on the chopping block. One of the changes that may be forthcoming is a repeal of the 2.3%...more

Latham & Watkins LLP

IRS Provides Guidance on Suspension of Medical Device Excise Tax

Latham & Watkins LLP on

Guidance eases tax filing burdens on medical device manufacturers. On February 24, 2016, the Internal Revenue Service (IRS) published informal guidance on the suspension of the Medical Device Excise Tax through an update...more

Wilson Sonsini Goodrich & Rosati

Federal Budget Suspends Medical Device Excise Tax for Two Years

Wilson Sonsini Goodrich & Rosati on

The Patient Protection and Affordable Care Act's (ACA) 2.3 percent medical device excise tax was contentious even before taking effect on January 1, 2013. Under the ACA, medical device manufacturers and importers are required...more

McGuireWoods LLP

Washington Healthcare Update

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On Oct. 8, the House Republican caucus did not select a candidate for Speaker of the House and selection has been delayed. The current Speaker, John Boehner (R-OH), had announced that he would step down and retire from...more

McGuireWoods LLP

Washington Healthcare Update

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This Week: Leading Up to the SCOTUS King v. Burwell Decision... House Votes to Repeal the Medical Device Tax... CMS Announces It Will Bolster Transitional Reinsurance Payments... MedPAC Releases June Report to Congress....more

Cooley LLP

Blog: Congress Takes Step Towards Scrapping Device Tax

Cooley LLP on

Last week, the House of Representatives voted 280-140 to pass H.R. 160, a bill that eliminates the 2.3 percent medical device tax. The vote was strongly bipartisan with 46 Democrats joining all Republicans voting in favor of...more

Knobbe Martens

Medical Device Tax Repeal Heating Up

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Following up on the hearing from B. Braun Medical Inc. advocating for the repeal of the medical device tax, according to news sources, more than a dozen House Democrats are pressuring leadership to advance a bill repealing...more

Knobbe Martens

B. Braun Executive Urges Medical Device Tax Repeal

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The Morning Call reports that an executive from B. Braun Medical Inc. has urged federal lawmakers to undo a tax on medical devices. According to the report, Bruce Heugel, the chief financial officer of B. Braun, recently...more

Cooley LLP

Blog: Medical Device Tax Repeal Shows Signs of Life

Cooley LLP on

Despite making it a priority following the 2014 elections, Congress has not been able to move legislation repealing the medical device tax. However, recent developments show that Congress may finally be making progress....more

Knobbe Martens

The Medical Device Tax in the Wake of 2014 Midterm Elections

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Repeal of the medical device tax has seen frequent news coverage since the tax’s enactment in 2010 as part of the Affordable Care Act. The tax, which went into effect in January, 2013, imposes a 2.3% sales tax on a range of...more

K&L Gates LLP

Getting Over the Goal Line: Congress Shows Strong Support for Medical Device Tax Repeal, but Issues Remain

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Introduction - The Patient Protection and Affordable Care Act (“ACA”) generates very few areas of agreement. However, in recent months, proposals to repeal one of the most visible and controversial provisions of the...more

Nexsen Pruet, PLLC

Tax Alert: 'Medical Device Tax' Now in Effect

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The accounting departments of many hospitals and medical practices are preparing for increased costs on medical supplies. Beginning January 1, 2013, new Section 4191 of the Internal Revenue Code (the “Code”) now imposes a...more

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