Amends Tennessee tax code to exempt certain prescription drugs from sales tax.
This bill amends Tennessee tax law to exempt from sales tax certain prescription drugs and patent medicines, specifically those not otherwise exempt under existing law. The exemption applies to drugs with a cost for a thirty-day equivalent supply that exceeds the Medicare Part D specialty tier. The changes take effect July 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.