WV HB3406

Imposes an excise tax on Schedule II opioid substances and derivatives purchased by licensed pharmacies in West Virginia

Tax rate calculated at 1 cent per 100 pills sold, multiplied by the number of overdose deaths in West Virginia from the most recent year published by the Department of Health's Epidemiology Division

Pharmaceutical manufacturers and distributors are responsible for the tax, which pharmacies must collect and remit to the Tax Commissioner; the tax cannot be passed on to patients

Department of Health must provide overdose death data by December 1st annually, with the new tax rate taking effect each January 1st

All collected tax revenue is deposited into the Ryan Brown Addiction Prevention and Recovery Fund to support substance abuse prevention and recovery programs