Interview with Matthew Jenusaitis, OCTANe

socalTECH

At the same time, the need for the products and services that OCTANe provides are greater in a recessionary economy than in when the economy is booming. For OCTANe to be successful, we want to see our technology ecosystem grow. We'd also like to see OCTANe grow and flourish.

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Are You Ready for the Medical Device Excise Tax?

SoCal Tech Calendar

OCTANe. On March 30, 2010, President Obama signed into law the Health Care and Education Reconciliation Act enacting a new excise tax on medical device sales. Wednesday, April 11, 2012 -- Are You Ready for the Medical Device Excise Tax? The new excise tax is imposed at a rate of 2.3% on sales of medical devices after December 31, 2012. Lack of clarity in this statute may create significant confusion, and could cause many companies to be unaware of their liability for the excise tax.

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