Pharmaceuticals and life sciences tax alert: comprehensive US healthcare reform legislation

On March 30, 2010, President Obama signed the Health Care and Education Affordability Reconciliation Act, P.L. 111-152, (2010 Reconciliation Act) amending the comprehensive healthcare reform legislation enacted March 23 (Patient Protection and Affordable Care Act, P.L. 111-148) (PPACA). This alert addresses significant tax provisions of both acts (referred to collectively as "the legislation") affecting pharmaceutical and life sciences companies.