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Senate committee advances bill to let specialty pharmacies seek MN Care drug-tax refunds quarterly
Summary
The Minnesota Senate Health and Human Services Committee recommended passage of Senate File 2815, which would let pharmacies apply for refunds of the 1.8% Minnesota Care legend drug tax on a quarterly basis instead of annually; the measure was passed by the committee and referred to the Taxes Committee.
The Minnesota Senate Health and Human Services Committee on April 3 recommended passage of Senate File 2815, a bill from Senator Weber to allow quarterly refunds of the Minnesota Care legend drug tax for pharmacies that remit the 1.8% provider tax on prescription drugs.
The change is intended to reduce cash-flow pressure on pharmacies that collect the tax from wholesalers but primarily dispense medications to out-of-state patients. ‘‘The amounts withheld…
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