The tax is particularly divisive in Indiana, where medical device manufacturing is a multi-billion dollar industry.
Bloomington's mayor says the legislature overstepped, but others argue the annexation was moving too quickly.
The 2.3 percent tax helps offset costs of the implementation of the Affordable Care Act, but life sciences companies have fought to repeal it for three years.
Some Indiana lawkmakers are going to spend the summer looking at ways to assist the medical device industry, one of the strongest industries in the state.
Cook Medical Devices and Purdue University announced yesterday they will work together to create an investment fund for life science startups.
The Senate rejected a House proposal Monday to repeal the medical device tax that is a mandate in the Affordable Care Act.
Cook Medical recently announced the company's 10th division.
Cook Medical will have to pay more in a medical device tax, but company executives say employee jobs will not be at risk because of the increased cost.
Bill Cook will lie in repose Saturday from 10-6 at the Cook global headquarters.
Cook was medical equipment group founder and wealthiest man in Indiana.