Press Release Summary:
America's electrical and medical imagingÂ industries commend Congress for passing a $1.1 trillion omnibus legislative package that funds the government through September 30, 2016. Bill includes 2-year deferral of 2.3% medical device excise tax,Â extensionÂ of the energy-efficient commercial building tax deduction through 2016, and legislation that will allow businesses to voluntarily share information about cybersecurity attacks with federal agencies and each other in secure manner.
Original Press Release:
Congress Passes Appropriations and Tax Package Containing Medical Imaging and Electroindustry Provisions
Legislation Includes Electrical and Medical Imaging Manufacturers’ Requests for Two-Year Delay of the Medical Device Excise Tax, Extension of Energy Efficiency and Electric Vehicle Supply Equipment Tax Provisions, and Cybersecurity Information Sharing
ARLINGTON, Va.—Today, America’s electrical and medical imaging industries commend Congress for passing a $1.1 trillion omnibus legislative package that funds the government through September 30, 2016, addresses certain tax provisions, and includes cybersecurity language supported by the National Electrical Manufacturers Association (NEMA). The passage of this package completes legislative work for this session of the 114th Congress; the second session is scheduled to start on January 4, 2016.
“NEMA congratulates Congress for working together to pass a bipartisan funding and tax package,” said NEMA President and CEO Kevin J. Cosgriff. “In particular, the two-year delay on the medical device excise tax, the extension of energy efficiency and electric vehicle supply equipment tax provisions, and important cybersecurity information-sharing legislation have been NEMA’s top 2015 legislative priorities.”
Several provisions important to NEMA member companies were included in the omnibus bill:
A two-year deferral of the 2.3-percent medical device excise tax
An extension of the energy-efficient commercial building tax deduction through 2016
Funding for government agencies and programs, including the U.S. Department of Energy’s work on energy efficiency, grid reliability and resiliency, advanced research, and the solid-state lighting research program
Legislation that will allow businesses to voluntarily share information about cybersecurity attacks with federal agencies and each other in a secure manner
More information on provisions important to NEMA members can be found on NEMA Currents, and the full text of the omnibus package is available online.
The National Electrical Manufacturers Association (NEMA) represents nearly 400 electrical, medical imaging, and radiation therapy manufacturers at the forefront of electrical safety, reliability, resilience, efficiency, and energy security. Our combined industries account for more than 400,000 American jobs and more than 7,000 facilities across the U.S. Domestic production exceeds $117 billion per year.
National Electrical Manufacturers Association
Visit our website at www.NEMA.org