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VA SB1369

VA SB1369
RS&UT; exemption for prescription medicine and drugs purchased by veterinarians, extends sunset.


summary

Introduced
01/13/2025
In Committee
02/12/2025
Crossed Over
02/21/2025
Passed
03/07/2025
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 HB 1698.

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. Specifically, the bill amends the Code of Virginia to continue the tax exemption for prescription medicines and drugs that veterinarians purchase and then administer or dispense to patients within a veterinarian-client-patient relationship. A veterinarian-client-patient relationship is a professional connection between a veterinarian, their client (typically an animal owner), and the animal patient, which involves the veterinarian taking responsibility for making medical judgments about the animal's health. The extension means that veterinarians will continue to be exempt from paying sales and use tax on prescription medications they buy for direct use in treating animals, helping to potentially reduce the cost of veterinary care. This bill is identical to House Bill 1698 and represents a straightforward continuation of an existing tax exemption for a specific professional group.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Acts of Assembly Chapter text (CHAP0199) (on 03/21/2025)

bill text


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