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AL SB31
Bill
Status
3/9/2017
Primary Sponsor
William Beasley
Click for details
AI Summary
SB31 Summary
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Amends Section 40-23-4.1 of the Code of Alabama 1975 to extend tax exemptions for prescription drugs.
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Defines "drugs" as medicines prescribed by physicians and filled by licensed pharmacists, or sold by physicians to patients for human consumption.
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Extends existing sales tax exemption for prescription drugs to also exempt them from business license taxes based on gross receipts under Article 2, Section 11-51-90 et seq., Chapter 51, Title 11.
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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
Read for the first time and referred to the House of Representatives committee on Health
3/15/2017