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AL SB349
Bill
Status
2/27/2018
Primary Sponsor
William Beasley
Click for details
AI Summary
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Amends Section 40-23-4.1 of the Code of Alabama 1975 to expand the tax exemption for prescription drugs.
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Prescription drugs already exempt from state gross sales tax are now also exempt 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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Defines "drugs" as medicines prescribed by physicians and filled by licensed pharmacists, or sold directly to patients by physicians, for human consumption or intake.
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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
Pending third reading on day 19 Favorable from County and Municipal Government
3/8/2018