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AL HB58
Bill
Status
2/7/2017
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 exemption for prescription drugs.
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Prescription drugs filled by licensed pharmacists or sold by physicians for human consumption remain exempt from state gross sales taxes.
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Extends the exemption to include business license taxes based on gross receipts under Article 2, Section 11-51-90, Chapter 51, Title 11, or other applicable law.
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Prescription drug sales are excluded from gross receipts calculations used to determine business license tax obligations.
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Takes effect immediately upon passage and approval by the Governor or upon becoming law otherwise.
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
5/17/2017