July 30, 2014 by Brad Perriello
Massachusetts Gov. Deval Patrick establishes a commission to study a possible tax credit to offset the 2.3% excise tax on U.S. medical device sales for the Bay State’s medtech cluster.
Massachusetts Gov. Deval Patrick is establishing a special commission to study granting a tax credit to the Bay State’s medical device companies to offset the medical device tax.
As part of the Commonwealth’s fiscal 2015 budget, Patrick is charging the secretaries of administration & finance and housing & economic development with chairing the commission. The panel is slated to examine the potential cost of an offset, its potential benefit for medtech makers and the credit’s economic impact on the state budget.
