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Bill > HB1698
VA HB1698
VA HB1698Retail sales and use tax; exemption for prescription medicine and drugs purchased by veterinarians; sunset.
summary
Introduced
01/04/2025
01/04/2025
In Committee
02/11/2025
02/11/2025
Crossed Over
02/04/2025
02/04/2025
Passed
02/17/2025
02/17/2025
Dead
Signed/Enacted/Adopted
03/21/2025
03/21/2025
Introduced Session
2025 Regular Session
Bill Summary
Retail sales and use tax; exemption for prescription medicine and drugs purchased by veterinarians; sunset. Extends to July 1, 2028, the exemption from sales and use tax available for the purchase by veterinarians of prescription medicines and drugs that are administered or dispensed to patients within a veterinarian-client-patient relationship that is currently set to expire on July 1, 2025. This bill is identical to SB 1369.
AI Summary
This bill extends the existing sales and use tax exemption for prescription medicines and drugs purchased by veterinarians from July 1, 2025, to July 1, 2028. The exemption specifically applies to prescription medicines and drugs that veterinarians administer or dispense to patients within a veterinarian-client-patient relationship, which is a legal and professional standard that defines the professional interaction between a veterinarian, their client (typically the animal's owner), and the patient (the animal). This means that when veterinarians purchase prescription medications to treat animals in their care, they will continue to be exempt from paying sales tax on those purchases for an additional three years. The bill does not change any other aspects of the existing tax exemption, merely extending its sunset date, and is identical to another bill (SB 1369) that was introduced in the same legislative session.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Acts of Assembly Chapter text (CHAP0188) (on 03/21/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20251/HB1698 |
| BillText | https://lis.virginia.gov/bill-details/20251/HB1698/text/CHAP0188 |
| BillText | https://lis.virginia.gov/bill-details/20251/HB1698/text/CHAP188 |
| Fiscal Note/Analysis - Impact statement from TAX (HB1698) | https://lis.blob.core.windows.net/files/1056469.PDF |
| BillText | https://lis.virginia.gov/bill-details/20251/HB1698/text/HB1698ER |
| Fiscal Note/Analysis - Impact statement from TAX (HB1698) | https://lis.blob.core.windows.net/files/1018869.PDF |
| BillText | https://lis.virginia.gov/bill-details/20251/HB1698/text/HB1698 |
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