Affordable Care Act Temporary Tax Appears Permanent
By Ben Goad
The Internal Revenue Service is making permanent the 10 percent tax on tanning from ObamaCare. Indoor tanning services have been subject to the excise tax since July of 2010. It was designed to help offset the sweeping healthcare bill’s cost by raising an estimated $2.7 billion in revenue.
The tax had been considered temporary while the IRS collected feedback from the public and interested parties about how it should be applied. As of Tuesday, the tax will be considered permanent.
“After considering the written comments and comments made at the public hearing, the proposed regulations are adopted as final regulations by this Treasury decision and the corresponding temporary regulations are removed,” a notice to be filed in the Federal Register reads.
via Tanning Tax
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