Tag Archives: tax

Congressional Hearings

There have been many Congressional health policy hearings recently, with more scheduled. Highlights include the following: House Ways and Means Committee. Recent hearings have examined traditional Medicare’s benefit design and tax-related provisions in the ACA, and on March 15, the Health Subcommittee is holding a hearing on the Medicare Payment Advisory Commission’s annual March Report … Continue Reading

IRS Issues Notice on ACA Branded Prescription Drug Fee Parameters for 2013

The IRS has issued Notice 2012-74, which provides guidance on the ACA branded prescription drug (BPD) fee for the 2013 fee year. Specifically, the guidance addresses: (1) the submission of Form 8947, “Report of Branded Prescription Drug Information,” (2) the time and manner for notifying covered entities of their preliminary fee calculation, (3) the time … Continue Reading

Jumping Off The ‘Fiscal Cliff’? What Can Happen When Congress Returns?

With all attention now focused on the campaign for control of Congress and the Presidency, it might be easy to forget that the 112th Congress is still in session and returns to work in September. When Congress does return, a number of important decisions affecting health care and energy policy, among other areas, remain to be considered.… Continue Reading

Congressional Panels Schedule Hearings on ACA Issues (Tax Policy, Physician/Economic Impact)

On July 10, 2012, the House Ways and Means Committee will hold a hearing on the implications of the Supreme Court’s ruling that the individual mandate in the Affordable Care Act (ACA) is constitutional, particularly as it relates to Congress’ authority to lay and collect new taxes. Also on July 10, the House Oversight and Government … Continue Reading

House Approves ACA Device Tax Repeal Bill in Face of Veto Threat

This post was written by Ruth N. Holzman, Angelo Ciavarella and Debra A. McCurdy. Yesterday the House approved by a vote of 270-146 legislation to repeal the ACA’s controversial 2.3% excise tax on the sale price of certain medical devices, which is scheduled to apply to sales after December 31, 2012. The repeal provision is included … Continue Reading

House Panel Takes Up ACA Medical Device Tax Repeal, Other Health Tax Policy Bills

On May 31, the House Ways and Means Committee will mark up H.R. 436, the Protect Medical Innovation Act of 2011, which would repeal the ACA’s 2.3% excise tax on the sale price of medical devices sold by the manufacturer, producer, or importer of the device after December 31, 2012.  House Majority Leader Eric Cantor … Continue Reading

House Leaders Plan June Vote on ACA Medical Device Tax Repeal

This post was written by Debra A. McCurdy, Ruth N. Holzman, and Angelo Ciavarella.  A vote on legislation to repeal the ACA’s medical device excise tax could come in June, House Majority Leader Eric Cantor announced today.  The ACA imposes a 2.3% excise tax on the sale price of medical devices sold by the manufacturer, producer, or importer … Continue Reading

IRS Notice on ACA Insurance Plans Fees to Fund Patient-Centered Outcomes Research Trust Fund

On April 17, 2012, the Internal Revenue Service (IRS) published proposed regulations that implement and provide guidance on an ACA provision imposing fees on issuers of certain health insurance policies and plan sponsors of certain self-insured health plans to fund the Patient-Centered Outcomes Research Trust Fund. The Trust Fund supports the Patient-Centered Outcomes Research Institute … Continue Reading

IRS Proposes Regulations to Implement ACA Medical Device Tax

This post was written by Ruth N. Holzman, Angelo Ciavarella, Jennifer A. Goldstein and Debra A. McCurdy. On February 7, 2012, the Internal Revenue Service (IRS) published proposed regulations to implement the Affordable Care Act’s (ACA) 2.3% excise tax on the sale price of medical devices sold by the manufacturer, producer, or importer of the device after … Continue Reading

President Signs Bill to Repeal 3% Government Payment Tax Withholding Provision, Revise Medicaid Eligibility Standard

On November 21, 2011, President Obama signed into law of H.R. 674, which repeals a requirement scheduled to take effect in 2013 that the government withhold 3% of certain payments made to private contractors – including Medicare providers — as a credit against the contractor’s income tax. The law also amends the Affordable Care Act’s … Continue Reading

Congressional Health Policy Hearings

The Senate Health, Education, Labor, and Pensions Committee recently held a hearing on “Medical Devices: Protecting Patients and Promoting Innovation” (a Reed Smith write-up of the hearing is available here). In addition, a recent House Ways and Means Oversight Subcommittee hearing focused on the ACA’s small business health insurance tax credit. Two hearings are scheduled for November 30: … Continue Reading

Senate Approves Legislation to Repeal Government Payment Tax Withholding Provision,Reform Medicaid Eligibility Standard

On November 10, 2011, the Senate approved an amended version of H.R. 674, which would repeal a requirement that the government withhold 3% of certain payments made to private contractors – including Medicare providers — as a credit against the contractor’s income tax. This requirement currently is scheduled to take effect on January 1, 2013. The House … Continue Reading

Congressional Health Policy Hearings & Markups

A number of Congressional committees have held hearings recently on health policy issues, including the following: A House Energy and Commerce Health hearing entitled “Do New Health Law Mandates Threaten Conscience Rights and Access to Care?”;  A Senate Judiciary Subcommittee on Privacy, Technology and the Law hearing on “Your Health and Your Privacy: Protecting Health … Continue Reading

House Clears Bills on Government Payment Tax Withholding, Medicaid Eligibility Standard

On October 27, 2011, the House of Representatives approved H.R. 674, which would repeal a provision scheduled to take effect on January 1, 2013 requiring the government to withhold 3% of certain payments made to private contractors – including Medicare providers — as a credit against the contractor’s income tax. The bill was approved on a … Continue Reading

Congress Clears Bill to Repeal ACA “1099” Tax Reporting Provision

On April 5, 2011, the Senate approved H.R. 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011.” The legislation, which was approved by the House in March, would repeal an ACA provision that requires businesses to file an IRS form 1099 for each vendor from whom they make purchases of … Continue Reading

IRS Extends Filing Date for Reporting 2009 Sales of Branded Prescription Drugs Under the Affordable Care Act, Clarifies Information Requested From Covered Entities

This post was written by Ruth N. Holzman, Angelo Ciavarella, Joseph W. Metro and Vicky G. Gormanly. On January 14, 2011, the Internal Revenue Service ("IRS") issued Notice 2011-9 (the "Notice"), which extended the filing date for reporting on Form 8947 a covered entity’s 2009 sales of branded prescription drugs under the Patient Protection and Affordable Care … Continue Reading
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