New Healthcare Law Includes Excise Tax On Restorations

By LMT Communications, Inc.

Posted Apr 28, 2011 in Industry News

  • Here’s the latest news on the medical device tax (put forth by the Health Care and Education Reconciliation Act of 2010) that will require laboratory owners to pay a 2.3% tax on their annual sales of restorations and appliances starting in 2013. In February, the IRS released a “Proposed Rule” document that offers a more detailed definition of taxable medical devices and specifically states, “There is no statutory basis for treating dental devices differently from other taxable medical devices.” Last year, the NADL, ADA and Dental Trade Alliance had sent a joint letter to...See more — tagged Medical Device and Excise Tax

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