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House-Passed Tax Bill Would Support Medtech Innovation, Lobbyists Say

 
• By Sue Darcey

The device industry is praising passage of “The American Innovation Act” by the US House. The bill is intended to promote new business start-ups – including fledgling medtech companies – by allowing certain tax deductions for net-operating losses.

Medtech firms applauding proposed legislation that would amend the tax code to promote new business innovation.

The American Innovation Act, or H.R. 6756, passed by the US House of Representatives last Thursday “allows capital-intensive medtech start-ups like AdvaMed Accel member companies, to raise multiple rounds of...

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More from Policy & Regulation

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