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Legislative update: “Continuing Resolution” includes health-related tax provisions

“Continuing Resolution,” health-related tax provisions

The U.S. Congress passed and the president signed into law, H.R. 195—legislation to extend government funding through February 8, 2018. The legislation (the “Continuing Resolution” or CR) also includes suspensions of certain health-related taxes.

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Specifically, the CR:

  • Extends the moratorium on the medical device excise tax contained in Code section 4191(c) for two years (through December 31, 2019), for sales after December 31, 2017
  • Delays the implementation of the excise tax on high cost employer-sponsored health coverage contained in section 9001(c) of the Patient Protection and Affordable Care Act (“ACA”)—the so called “Cadillac tax”—for two years (through December 31, 2021)
  • Suspends the annual fee on health insurance providers contained in section 9010 of the ACA for the 2019 fee year

Documents

  • Read text of the legislation—H.R. 195
  • Read a revenue estimate prepared by the Joint Committee on Taxation (JCT)—JCX-2-18  

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