HB 63 - Sales tax; non-prescription drugs; exemption

First Reader Summary

A BILL to amend Code Section 48-8-3 of the Official Code of Georgia Annotated, relating to exemptions from sales and use taxation, so as to provide an exemption for non-prescription drugs; and for other purposes.

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HB 63                                              LC 14 6789 
 
 
 
 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Code Section 48-8-3 of the Official Code of Georgia 
  1- 2  Annotated, relating to exemptions from sales and use 
  1- 3  taxation, so as to provide an exemption for nonprescription 
  1- 4  drugs; to provide for related matters; to provide an 
  1- 5  effective date; to repeal conflicting laws; and for other 
  1- 6  purposes. 
 
  1- 7       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1- 8                           SECTION 1. 
 
  1- 9  Code Section 48-8-3 of the Official Code of Georgia 
  1-10  Annotated, relating to exemptions from sales and use 
  1-11  taxation, is amended by striking paragraph 47 and inserting 
  1-12  in its place a new paragraph to read as follows: 
 
  1-13      "(47) Sales of drugs dispensed by prescription and 
  1-14      prescription eyeglasses and contact lenses and on and 
  1-15      after January 1, 1998, the sale of nonprescription 
  1-16      drugs. For purposes of this exemption, the term 
  1-17      'nonprescription drugs' shall include such of the 
  1-18      following as may lawfully be sold without a 
  1-19      prescription: articles recognized as of January 1, 1997, 
  1-20      in the official United States Pharmacopoeia, official 
  1-21      Homeopathic Pharmacopoeia of the United States, or 
  1-22      official National Formulary, or any then existing 
  1-23      supplement to any of them and articles intended for use 
  1-24      in the diagnosis, cure, mitigation, treatment, or 
  1-25      prevention of disease in humans. Such term, however, 
  1-26      shall not include devices or their components, parts, or 
  1-27      accessories;". 
 
  1-28                           SECTION 2. 
 
  1-29  This Act shall become effective on January 1, 1998. 
 
  1-30                           SECTION 3. 
 
  1-31  All laws and parts of laws in conflict with this Act are 
  1-32  repealed. 
 
 
 
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