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House Finance committee advances B&O tax cut for critical‑access pharmacies after amendment
Summary
The House Finance Committee voted 8–6 to report engrossed Senate Bill 6228 out of committee with an amendment that lowers the preferential B&O rate for critical‑access pharmacies to 0.138%. Supporters said the change responds to testimony that prior offsets were insufficient; opponents said the bill raises taxes overall.
The House Finance Committee on Saturday reported engrossed Senate Bill 6228 out of committee with a ‘do pass as amended’ recommendation after approving amendment CRING 174, 8–6.
Christina King, staff to the committee, summarized that ESB 6228 would repeal the preferential business & occupation tax rate for warehousing and reselling prescription drugs and establish a preferential B&O rate for critical‑access pharmacies. The amendment offered by Representative Bridal (CRING 174) changes the preferential…
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