Report: Medical device tax credit bill moves ahead in Minnesota

February 12, 2015 by Brad Perriello

A Minnesota House committee reportedly approves a bill to expend a tax credit to medical device companies to cover the 2.3% sales levy that’s part of Obamacare.

A bill that would extend a credit to medical device companies in Minnesota to cover the medical device tax reportedly passed a North Star State House committee yesterday.

The medical device tax, a 2.3% excise levy on all U.S. sales of prescribed medical devices, went into effect at the beginning of 2013 as part of Obamacare. The tax has been the object of a repeal movement among national legislators, and states like Minnesota and Massachusetts with large medtech contingents are exploring credits to offset the tax.

The Minnesota House Health & Human Services Reform Policy Committee approved the tax credit measure yesterday, according to the Rochester Post-Bulletin, with sponsor Rep. Greg Davids (R-Preston) calling the medtech tax “tremendously unfair.”

“This is an ill-conceived tax for an ill-conceived program that has failed,” Davids told the newspaper.


Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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