On January 22, 2018, the President signed into law H.R. 195, which provides continuing funding to the federal government through February 8, 2018. While this resolution received a massive amount of media attention, the fact that law includes a suspension of the 2.3% medical device excise tax for two more years (until January 1, 2020) was not nearly as widely reported.
By way of a quick recap – this tax first took effect on January 1, 2013 but was suspended for two years from January 1, 2016 through December 31, 2017. Technically, the tax briefly returned on January 1, 2018 but, based on this new law, is now further suspended until 2020. While welcoming the suspension, the medical industry continues to favor a permanent repeal.
