Removing a tax exemption for the warehousing and reselling of prescription drugs. (REVISED FOR ENGROSSED: Removing a tax exemption for the warehousing and reselling of prescription drugs and providing tax relief for critical access pharmacies.)

Summary

The law ends the special tax exemption that allowed companies to warehouse and resell prescription drugs at a reduced rate, replacing it with a modest tax of 0.5% in 2027 and 0.35% after 2028. It also creates a new, lower tax rate of 0.138% for independent “critical access” pharmacies that serve remote or underserved areas. The changes are intended to raise revenue for the state while supporting pharmacies that provide essential care in hard‑to‑reach communities.

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