NC S894

Exempts from sales tax medicine and devices sold on prescription by veterinarians for treatment of animals, effective July 1, 2012.

Defines "medicine" for animals to include remedies, tonics, vaccines, vitamins, ointments, liniments, antiseptics, and other medications with preventive and curative properties.

Exemption applies to veterinary prescription medicines and devices as defined under federal Food, Drug, and Cosmetic Act, but explicitly excludes prescription pet food and animal feed from the tax exemption.

Amends North Carolina General Statutes § 105-164.3 (definitions) and § 105-164.13 (retail sales and use tax exemptions) to establish the new exemption category.