Home » Industry Prefers Fee in House Bill Over One Proposed by Senate
Industry Prefers Fee in House Bill Over One Proposed by Senate
As debate
continues on the Senate’s version of healthcare overhaul legislation, tax experts are taking a closer look at what its $2 billion device
fee and other measures mean for large and small devicemakers. The Senate bill tasks
the Treasury Department with calculating the amount a company would have to pay each year based on its percentage of the industry’s gross receipts.
The bill would go into effect next year and would exempt Class I and II devices retailing for less than $100. The House bill would
impose a 2.5 percent tax, beginning in 2013, on devices at the first taxable point of sale and exclude devices sold at retail stores.
Devices & Diagnostics Letter
Devices & Diagnostics Letter
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