A bill to extend this year’s tax cuts would also put a five-year moratorium on the medical device tax enacted as part of the Affordable Care Act.
Although the 2.3% levy on prescribed medical devices was enacted as part of the Affordable Care Act in 2010, it didn’t go into effect until 2012 and was mothballed two years later; that moratorium, extended earlier this year, was slated to end in 2020.
The U.S. House Ways & Means Committee yesterday released the tax extenders legislation including the new moratorium, which would pause the tax until 2025. The House has voted several times for an outright repeal of the levy, only to see those bills die in the Senate.
