SB 1507 Exemptions from CAT tax

This bill exempts receipts from sales of prescription drugs, feminine hygiene products, diapers and baby formula from commercial activity subject to corporate activity tax. Applies to tax years beginning on or after January 1, 2023. Fiscal Responsibility Adds exception for sales of prescription drugs, feminine hygiene products, diapers and baby formula as the 49th exception. In the end it will…

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