Revenue Law Bill Clarifies Over-The-Counter Drug Taxes

SB 715 – Various Changes to Revenue Laws

Primary Sponsors: Sen. Jerry Tillman (R-Randolph), Sen. Tommy Tucker (R-Union)

Bill Summary

This bill would not exempt over the the counter drugs sold on prescription. The bill specifically clarifies that this does not apply to purchases of over the counter drugs by hospitals and other medical facilities.

Bill Movement

This bill was filed and passed first reading on May 16, 2018. The bill was referred to the Senate Rules Committee but withdrawn on May 17, 2018 and re-referred to the Senate Finance Committee. The bill was amended in Finance committee to include exempting state sales tax on gifts to higher education institutions and for parking spaces for non-profits. This bill passed the Senate Rules Committee on May 21, 2018 and will now move to the Senate floor.

 
 

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