Can an Amendment Alleviate the Device Tax Burden? Can an Amendment Alleviate the Device Tax Burden?
Senators from Minnesota and Indiana are sponsoring a device tax amendment that would exempt companies with annual revenue below $100 million, reports Star Tribune.
December 16, 2009
In addition, companies reporting between $100 million and $150 million would pay an excise tax on 50% of their revenues; the rate for companies with more than $150 million in annual sales would be 100%.If approved, the amendment would make the excise tax a deductible item and would also call for the tax to take effect in 2013, instead of 2010.So here is the question: would these adjustments make a device tax palatable to industry?
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