Medical Device Tax
Earlier in the day, the U.S. House’s plan to end the shutdown included a two-year delay on a medical devices tax, which is a big issue for many Minnesota companies.
A tax on pacemakers and other medical devices made in Minnesota may be going away. Since January there’s been a 2.3 percent tax on medical device sales with the revenues earmarked to help pay for the new national health care reform law.
Minnesota’s medical device makers say a new tax to help pay for the federal health care law could cause cutbacks, and even layoffs.
Minnesota Rep. Erik Paulsen said Monday that the state could lose thousands of medical technology jobs if a new tax on medical devices goes into effect.