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Committee hears bill to allow quarterly refunds of MN Care legend-drug tax to ease cash-flow for specialty pharmacies
Summary
A bill from Senator Weber would permit quarterly refunds of the 1.8% MN Care (legend drug) tax for qualifying pharmacies that ship most prescriptions out of state; supporters said the change would reduce cash-flow strain for specialty pharmacies.
Senate Taxes Committee members on Thursday considered a change to the MN Care legend-drug tax refund process intended to ease cash-flow burdens for pharmacies that dispense large volumes of drugs shipped out of state.
Senate File 2815 (identified in committee as “Senate file 20 eight-fifteen”) would allow pharmacies to seek quarterly refunds for amounts withheld under the 1.8% MN Care legend-drug tax rather…
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