Congressman Jim Banks (IN-03) today praised the inclusion of a five-year suspension of the medical device tax in a tax reform package expected to be considered by the House sometime this month. The legislation would extend the current suspension of the medical device tax through 2024.
“The potential return of the medical device tax could jeopardize thousands of Hoosier jobs, which is why this tax must never go back into effect,” said Banks. “I have fought to eliminate this misguided tax since taking office, and I strongly support an additional five-year suspension. Congress should pass this legislation before the end of the year.”
The medical device tax first took effect in 2013. Congress suspended the tax for 2016 and 2017 and then extended the suspension for 2018 and 2019.
Earlier this year, Congressman Banks voted for legislation to permanently repeal the medical device tax. The legislation passed the House but has not been considered by the Senate.
(03-26-2019) Tax-Filing Deadline Nearing Across Indiana
(03-26-2019) Purdue Fort Wayne Bringing Suicide Awareness To Forefront
(03-26-2019) Armed Robbery In Hicksville Leads To Arrest
(03-26-2019) Hicksville Man Arrested For Misconduct With A Minor
(03-26-2019) Joyriding Motorist Still At Large In Steuben County
(03-26-2019) Twenty-Five Year Old Ohio Church Scandal Has New Life
(03-26-2019) Wyse Death Ruled Drowning
(03-26-2019) Lakeland Schoool Board Votes To Close Two Schools
(03-26-2019) DeKalb Man Arrested on Numerous Charges
(03-25-2019) Potential Changes To Michigan Drunk Driving Limit
(03-25-2019) Fatality Suffered At Columbia City Factory
(03-25-2019) Trine Day Set For April 11th
(03-25-2019) Low Interest Rates Good News For Indiana Farmers
(03-25-2019) Crouch, FSSA Accepting 2019 Golden Hoosier Award Nominations