At the other end of the market, some of the more humble offerings, such as the cheap-and-cheerful Suzuki Alto, can still cost plenty for a new key. The Alto was one of the least expensive keys to replace yet was still far from cheap, with quoted prices of $250 and $278 including cutting and coding.t the other end of the market, some of the more humble offerings, such as the cheap-and-cheerful Suzuki Alto, can still cost plenty for a new key. The Alto was one of the least expensive keys to replace yet was still far from cheap, with quoted prices of $250 and $278 including cutting and coding.
The tax, which took effect in 2013, is equal to 2.3 percent of the sale price of a medical device and is expected to raise $29 billion over 10 years. It applies to products like X-ray machines, magnetic resonance imaging scanners, pacemakers, artificial hearts and artificial hip and knee joints.
If Texas sales tax is due on a medical device when it is sold, an excise tax reimbursement charge included with the billing is part of the sales price and also taxable. If a medical device is exempt from sales tax, the associated medical device tax reimbursement charge is exempt from sales tax. For more information on the taxability of medical devices in Texas, please see Rule 3.284, Drugs, Medicines, Medical Equipment, and Devices. The federal law that imposed the tax is the Health Care and Education Reconciliation Act of 2010 (Health Care Act), P.L. 111-152.