Medical devices, naturopathic medicine, and oxygen

From the 2024 DOR Tax Exemption Study

82.08.0283; 82.12.0277 - Medical devices, naturopathic medicine, and oxygen Description The following health-related products or devices receive an exemption from sales and use taxes: - Prosthetic devices, including eyeglasses and frames prescribed for individuals by a person licensed by the state to prescribe them. - Medically prescribed oxygen and oxygen delivery systems. - Medicine of mineral, animal, or botanical origin prescribed, administered, dispensed, or used in the treatment of an individual by a naturopath. - Components of prosthetic devices and charges for repairing devices exempted by this statute. In 2004, exemptions for ostomy items and insulin shifted to other statutes. Purpose To reduce the cost of medical care. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $69.000 $71.600 $74.200 $76.800 Local Taxes $31.000 $32.200 $33.400 $34.600 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $65.600 $74.200 $76.800 Local Taxes $0.000 $29.500 $33.400 $34.600 Assumptions - This repeal takes effect July 1, 2024, and impa