Relating to exemption of essential goods under corporate activity tax; prescribing an effective date.
Catchline/Summary:
Exempts receipts from sales of prescription drugs, feminine hygiene products, diapers and baby formula from commercial activity subject to corporate activity tax. Exempts receipts from sales of prescription drugs, feminine hygiene products, diapers and baby formula from commercial activity subject to corporate activity tax. Applies to tax years beginning on or after January 1, 2023.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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SB 1507 Senate Committee On Finance and Revenue
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