Modifications to Guidance Regarding ACA Tax on Prescription Drugs

Notice 2011-9 modifies and supersedes Notice 2010-71regarding the Affordable Care Act’s excise tax on certain manufacturers of prescription drugs.

Document Excerpt

This notice modifies, restates, and supersedes Notice 2010-71, 2010-50 I.R.B.822, which provides guidance on the annual fee imposed by section 9008 of the Affordable Care Act on certain manufacturers and importers (covered entities) of branded prescription drugs. The modifications reflected in this notice affect Part I -Information Requested from Covered Entities, Part II – Preliminary Fee Calculation for 2011, and Part III – Request for Comments. All other sections of Notice 2010-71 are restated in this notice without change.

 

 

Link http://www.irs.gov/pub/irs-drop/n-11-09.pdf

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