Relating to the supplemental privilege tax on pharmaceutical services; to amend Section 40-26B-9, Code of Alabama 1975, to authorize the Department of Revenue, upon petition by a pharmaceutical service provider who is entitled to a credit of the supplemental privilege tax on pharmaceutical services and has unused credit remaining after October 1, 2018, to refund the provider the remaining credit.
Section 40-26B-9, Code of Alabama 1975, is amended to read as follows: "§40-26B-9. "(a) Each pharmaceutical service provider that collected and remitted the supplemental privilege tax on pharmaceutical services pursuant to Article 1A, as it read prior to August 30, 2016, shall be entitled to a refund of the taxes collected in the form of a credit against any future taxes levied pursuant to the privilege tax on pharmaceutical services provided for in Article 1 of Chapter 26B, commencing at Section 40-26B-1, due after August 30, 2016. Beginning October 1, 2016, monthly credits shall be allowed to the pharmaceutical service providers that remitted the supplemental privilege tax until tax amounts are credited in full through September 20, 2018. "(b) On or after October 1, 2018, a pharmaceutical service provider who is entitled to a credit under subsection (a) and has unused credit remaining shall be entitled to a refund of the remaining credit owed to the provider, without interest, upon petition to the department. The petition shall be made no later than October 1, 2020. The department shall establish procedures to implement this subsection."
This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law. Senate Read for the first time and referred to the Senate committee on Finance and Taxation Education ...... 0.9-JAN-18Read for the second time and placed on the calen- dar 1 amendment.................................. 2.3-JAN-18Read for the third time and passed as amended .... 2.5-JAN-18 Yeas 26 Nays Patrick Harris, Secretary.
|February 8, 2018||S||Finance and Taxation Education first Amendment Offered|
|February 8, 2018||S||Assigned Act No. 2018-95.|
|February 8, 2018||H||Signature Requested|
|February 8, 2018||S||Enrolled|
|February 6, 2018||S||Passed Second House|
|February 6, 2018||H||Motion to Read a Third Time and Pass adopted Roll Call 201|
|February 6, 2018||H||Third Reading Passed|
|February 1, 2018||H||Read for the second time and placed on the calendar|
|January 25, 2018||H||Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund|
|January 25, 2018||S||Engrossed|
|January 25, 2018||S||Motion to Read a Third Time and Pass adopted Roll Call 144|
|January 25, 2018||S||Bussman motion to Adopt adopted Roll Call 143|
|January 25, 2018||S||Finance and Taxation General Fund Amendment Offered|
|January 25, 2018||S||Third Reading Passed|
|January 23, 2018||S||Read for the second time and placed on the calendar 1 amendment|
|January 9, 2018||S||Read for the first time and referred to the Senate committee on Finance and Taxation Education|