SB 67

Sponsor
Session
Regular Session 2018
Title
Pharmaceutical Services Providers, supplemental privilege tax, authorized to petition Dept. of Revenue for direct refund of certain overpayments, Sec. 40-26B-9 am'd.
Description

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.

Subjects
Pharmacies and Pharmacists
View Original PDF: SB 67 - Engrossed - PDF

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 1

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.

(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 department shall establish procedures to implement this subsection."

Section 2

This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law.

No articles found.
Action Date Chamber Action
February 8, 2018SFinance and Taxation Education first Amendment Offered
February 8, 2018SAssigned Act No. 2018-95.
February 8, 2018HSignature Requested
February 8, 2018SEnrolled
February 6, 2018SPassed Second House
February 6, 2018HMotion to Read a Third Time and Pass adopted Roll Call 201
February 6, 2018HThird Reading Passed
February 1, 2018HRead for the second time and placed on the calendar
January 25, 2018HRead for the first time and referred to the House of Representatives committee on Ways and Means General Fund
January 25, 2018SEngrossed
January 25, 2018SMotion to Read a Third Time and Pass adopted Roll Call 144
January 25, 2018SBussman motion to Adopt adopted Roll Call 143
January 25, 2018SFinance and Taxation General Fund Amendment Offered
January 25, 2018SThird Reading Passed
January 23, 2018SRead for the second time and placed on the calendar 1 amendment
January 9, 2018SRead for the first time and referred to the Senate committee on Finance and Taxation Education
2018-02-06
Chamber: House
Result: Passed
2018-01-25
Chamber: Senate
Result: Passed
2018-01-25
Chamber: Senate
Result: Passed