The Medical Imaging and Technology Alliance (MITA) has called on Congress to delay implementation of the medical device excise tax, in response to regulations released by the Internal Revenue Service (IRS) and the U.S. Treasury Department, which do not provide time for MITA member companies to comply with the requirements, the organization said.
"With a mere 27 days until the device tax goes into effect, medical imaging and radiation therapy manufacturers do not have sufficient time to implement or adjust to these job-killing regulations," said Gail Rodriguez, executive director of MITA.
The device tax, set to go into effect on January 1, 2013, will impose a 2.3% excise tax on medical device manufacturers, MITA said.
