Date Requested:February 21, 2011
Time Requested:04:35 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2011R2847 Introduced SB596
CBD Subject: VETERINARY MEDS
FUND(S)
General Revenue Fund
Sources of Revenue
General Fund
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    The stated purpose of this bill is to exempt sales of veterinary medications from sales tax.
    
    According to our interpretation, there would be no revenue impact from the passage of this bill. Sales of prescription drugs to consumers, whether for human or animal use, are currently exempt from the Consumers Sales Tax under West Virginia Code §11-15-9(a)(11). Also, purchases of prescription drugs by any health care provider (including veterinarians) licensed to prescribe drugs are exempt from sales tax under W.V. Code §11-15-9i.
    
    There would be no additional administrative costs to the State Tax Department from the passage of this bill.
    

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2011
Increase/Decrease
(use"-")
2012
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0
3. Explanation of above estimates (including long-range effect):
    The stated purpose of this bill is to exempt sales of veterinary medications from sales tax.
    
    According to our interpretation, there would be no revenue impact from the passage of this bill. Sales of prescription drugs to consumers, whether for human or animal use, are currently exempt from the Consumers Sales Tax under West Virginia Code §11-15-9(a)(11). Also, purchases of prescription drugs by any health care provider (including veterinarians) licensed to prescribe drugs are exempt from sales tax under W.V. Code §11-15-9i.
    
    There would be no additional administrative costs to the State Tax Department from the passage of this bill.
    


Memorandum
Person submitting Fiscal Note:
Mark Muchow
Email Address:
kerri.r.petry@wv.gov
    The stated purpose of this bill is to exempt sales of veterinary medications from sales tax.
    
    Sales of prescription drugs to consumers, whether for human or animal use, are currently exempt from the Consumers Sales Tax under West Virginia Code §11-15-9(a)(11). Also, purchases of prescription drugs by any health care provider (including veterinarians) licensed to prescribe drugs are exempt from sales tax under W.V. Code §11-15-9i.