Bill Text: NC S894 | 2011-2012 | Regular Session | Amended

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Bill Title: Exempt Certain Drugs for Animals

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Introduced - Dead) 2012-06-07 - Re-ref Com On Finance [S894 Detail]

Download: North_Carolina-2011-S894-Amended.html

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GENERAL ASSEMBLY OF NORTH CAROLINA

 SESSION 2011

S                                                                                                                                                     1

SENATE BILL 894

 

 

Short Title:        Exempt Certain Drugs for Animals.		(Public)
Sponsors:	Senators Rabon, Kinnaird;  Davis and Harrington.
Referred to:	Agriculture/Environment/Natural Resources.

May 24, 2012

A BILL TO BE ENTITLED

AN ACT to exempt from sales tax the sale of medicine and devices sold on prescription by veterinarians for the treatment of animals.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 105‑164.3 is amended by adding a new Subdivision to read:

"§ 105‑164.3.  Definitions.

The following definitions apply in this Article:

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(20a)    Medicine. – Remedies, tonics for internal use, vaccines, vitamins, ointments, liniments, antiseptics, and other medications having preventive and curative properties in the prevention, treatment, or cure of disease in animals."

SECTION 2.  G.S. 105‑164.13(13) is amended by adding a new sub-subdivision to read:

"§ 105‑164.13.  Retail sales and use tax.

The sale at retail and the use, storage, or consumption in this State of the following tangible personal property, digital property, and services are specifically exempted from the tax imposed by this Article:

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(13)      All of the following drugs, including their packaging materials and any instructions or information about the drugs included in the package with them:

a.         Drugs required by federal law to be dispensed only on prescription.

b.         Over‑the‑counter drugs sold on prescription.

c.         Insulin.

d.         Medicine sold on prescription by veterinarians and devices, as defined by section 201(h) of the Federal Food, Drug, and Cosmetic Act, 21 U.S.C. § 321, sold on prescription by veterinarians. For purposes of this subsubdivision, prescription pet food and animal feed is not exempt from the tax imposed by this Article."

SECTION 3.  This act becomes effective July 1, 2012, and applies to sales made on or after that date.