Bill > SF2815

This bill modifies the existing pharmacy tax refund process in Minnesota by changing the refund mechanism from an annual to a quarterly system. Under the new provisions, pharmacies can claim refunds for taxes paid on legend drugs (prescription medications) delivered outside of Minnesota by calculating the amount paid to wholesale drug distributors and multiplying it by the specified tax percentage. The bill introduces a detailed quarterly filing schedule that allows pharmacies to submit refund requests during specific timeframes: pharmacies can file for Q1 drugs on or after July 1, Q2 drugs on or after July 1, Q3 drugs on or after October 1, and Q4 drugs on or after January 1 of the following year. Importantly, pharmacies must file their refund claims within one year of the quarter in which the drugs were delivered, and interest on refunds will begin accruing 60 days after the claim is filed. The bill's provisions will take effect for legend drugs delivered outside of Minnesota after December 31, 2025, providing pharmacies with a more frequent and potentially more flexible method of recovering taxes paid on out-of-state drug deliveries.

Budget and Finance, Health and Social Services

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2815&ssn=0&y=2025