HB616 Summary

• Adds Section 40-9-30.1 to the Alabama Code to continue the existing exemption of prescription drugs from state gross sales taxes when filled by a licensed pharmacist or sold by a physician.

• Exempts durable medical equipment and medical supplies purchased pursuant to a valid prescription from state, county, and municipal sales and use taxes.

• Applies retroactively to all open tax periods and periods where preliminary or final tax assessments could be entered, but prohibits refunds for periods prior to the effective date.

• Repeals Section 40-23-4.1 of the Alabama Code as duplicative.

• Becomes effective on the first day of the third month following passage and approval by the Governor.