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AL HB58
Bill
Status
4/5/2016
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 extend existing prescription drug sales tax exemptions to business license taxes based on gross receipts.
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Defines "drugs" as medicines prescribed by physicians when filled by a licensed pharmacist or sold directly by the physician for human consumption or intake.
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Exempts prescription drugs from the calculation of gross receipts used to determine any business license tax based on gross receipts under Article 2, Section 11-51-90 et seq., Chapter 51, Title 11, or other applicable law.
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Takes effect 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
Further Consideration
4/28/2016