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Bill > HB1698


VA HB1698

VA HB1698
Retail sales and use tax; exemption for prescription medicine and drugs purchased by veterinarians; sunset.


summary

Introduced
01/04/2025
In Committee
02/11/2025
Crossed Over
02/04/2025
Passed
02/17/2025
Dead
Signed/Enacted/Adopted
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)

bill text


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