HB 2414 Summary

• Establishes general excise tax exemptions for gross proceeds from the sale of Supplemental Nutrition Assistance Program (SNAP)-eligible food items, excluding soft drinks.

• Exempts gross proceeds from sales of nonprescription drugs, defined as packaged chemical, drug, or medicine lawfully sold without a practitioner's order, excluding cannabis and cannabis products.

• Exempts gross proceeds from the manufacture, production, packaging, and sale of diapers that are washable or disposable for infants and toddlers, with quality standards specified for disposable diapers.

• Effective date is July 1, 2050.