According to OMA Connections Partner, Plante Moran, an Affordable Care Act tax, absent action by Congress, is about to come back into effect after the expiration of a two-year moratorium.
Plante Moran wrote: “The medical device excise tax (MDET) was enacted as a part of the ACA and took effect in 2013, imposing a 2.3 percent excise tax that manufacturers and importers had to pay on the sales of certain medical devices. When Congress passed the “Protecting Americans from Tax Hikes (PATH) Act of 2015,” legislators granted relief to the medical device industry by enacting a moratorium on the MDET for sales occurring between Jan. 1, 2016 and Dec. 31, 2017.”
Here’s more from Plante Moran. 12/13/2017