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Committee hears bill to allow quarterly refunds of Minnesota CARE legend drug tax for specialty pharmacies
Summary
House File 1479 would let pharmacies request quarterly refunds of the 1.8% Minnesota CARE legend drug tax rather than the current single annual refund.
House File 1479, carried by Representative Verneig, would change the timing of refunds for the Minnesota CARE legend drug tax so pharmacies may claim refunds quarterly rather than only once a year.
The change targets specialty pharmacies that buy prescription drugs from wholesalers who itemize and remit the 1.8% Minnesota CARE tax on all sales. Under current practice, wholesalers collect the tax from pharmacy purchasers and remit it to the Department…
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