Latest News
Ways And Means Committee Votes To Repeal Medical Device Excise Tax
(By - Mel Schwarz, Dustin Stamper and Shamik Trivedi, www.mondaq.com)
The House Ways and Means Committee approved a bill last week that would repeal the medical device excise tax. That legislation will go to the House floor the week of June 15. The bill (H.R. 160) passed the committee by a 25‒14 vote, and is also expected to pass the full House. An earlier version would have repealed the tax retroactive to its inception in 2013, but the final bill approved by the committee would repeal the tax only for sales in quarters beginning after the date of enactment. Read more…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.