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AL HB303
Bill
Status
3/22/2011
Primary Sponsor
Ronald Johnson
Click for details
AI Summary
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Amends Section 40-23-4.1 of the Code of Alabama 1975 to expand the existing prescription drug exemption from gross sales tax to also exempt prescription drugs from business license taxes based on gross receipts.
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Defines "drugs" as medicines prescribed by physicians and filled by a licensed pharmacist, or sold to patients by the physician, for human consumption or intake.
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Exempts prescription drugs from the calculation of gross receipts for any business license tax based on gross receipts under Article 2, Section 11-51-90 and following, Chapter 51, Title 11, or other applicable law.
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Becomes effective immediately upon passage and approval by the Governor or upon otherwise becoming law.
Legislative Description
Drugs, prescription, exempt from business license tax based on gross receipts, Sec. 40-23-4.1 am'd.
Prescription Drugs
Last Action
Indefinitely Postponed
6/1/2011