Ballard Spahr LLP: Final Rules Issued for Health Care Reform Tax on Medical Devices, Effective January 1, 2013

By Jean C. Hemphill and Laura A. Kowal The Internal Revenue Service (IRS) released final regulations and other guidance on the excise tax applicable to the sale of certain medical devices under the Affordable Care Act. Beginning January 1, 2013, a tax of 2.3 percent is imposed on the sale, use,...