Bill > AB2522

This bill would create a temporary exemption from state sales and use taxes for over-the-counter medications, defined as nonprescription drugs regulated by the Food and Drug Administration, from its effective date until January 1, 2032, with the stated goal of creating tax parity between prescription and over-the-counter medications. However, this exemption would not apply to local sales and use taxes imposed by cities, counties, or districts, nor would it apply to certain state sales and use tax rates dedicated to local government funding, such as those deposited into the Local Revenue Fund 2011. The bill also includes provisions for reporting on the number of transactions and the total tax revenue forgone due to this exemption, and it takes effect immediately as a tax levy.

Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB2522