Bill > HF3071

This bill modifies Minnesota's health care provider tax law by changing how gross revenues are calculated for wholesale drug distributors. Specifically, the bill requires that gross revenues now include the total amount of any rebates provided by the distributor to a customer, regardless of how those rebates are structured or delivered. This means that when calculating the tax owed, wholesale drug distributors must now count rebates as part of their total revenue, even if those rebates are provided through contractual agreements. The change will apply to gross revenues received after June 30, 2025, giving distributors time to adjust their accounting and reporting practices. The bill aims to ensure a more comprehensive and accurate representation of a wholesale drug distributor's financial activity for tax purposes by capturing all forms of revenue, including rebates that might have previously been excluded from gross revenue calculations.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF3071&ssn=0&y=2025