Minneslate Logo

SF2815 (Legislative Session 94 (2025-2026))

Quarterly pharmacy tax refunds establishment

Related bill: HF1479

AI Generated Summary

Purpose of the Bill

The bill aims to amend existing tax law in Minnesota to allow pharmacies to claim refunds on a quarterly basis rather than annually. This affects taxes paid on drugs distributed outside of Minnesota.

Main Provisions

  • Quarterly Pharmacy Refunds: Pharmacies can now claim tax refunds every three months for legend drugs delivered outside of Minnesota.
  • Refund Amount: The refund is calculated based on taxes paid to wholesale drug distributors for these drugs, multiplied by a specified tax percentage.
  • Eligibility to Apply: Pharmacies must apply for the refund within a set time period after the drugs are delivered outside of Minnesota.

Significant Changes to Existing Law

  • Frequency of Refunds: The bill changes the refund application from an annual to a quarterly schedule, which provides pharmacies with more frequent cash flow relief.
  • Deadline Alteration: Refund claims need to be made within one year after the end of the quarter when the delivery occurred, as opposed to an annual timeframe.

Relevant Terms

  • Pharmacy refunds
  • Quarterly refunds
  • Drug distribution
  • Wholesale drug distributor
  • Legend drugs
  • Minnesota taxation laws

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 19, 2025SenateFloorActionIntroduction and first reading
March 19, 2025SenateFloorActionReferred toHealth and Human Services
April 06, 2025SenateFloorActionComm report: To pass and re-referred toTaxes

Citations

 
[
  {
    "analysis": {
      "added": [],
      "removed": [
        "Eliminates certain annual refund provisions, replacing them with quarterly options."
      ],
      "summary": "This bill modifies the provisions for quarterly pharmacy refunds under section 295.54.",
      "modified": [
        "Changes refund claim periods from annual to quarterly basis."
      ]
    },
    "citation": "295.54",
    "subdivision": "subdivision 2"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "References section 295.52 for determining the tax percentage applicable to certain pharmacy refunds.",
      "modified": []
    },
    "citation": "295.52",
    "subdivision": "subdivision 3"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Links tax liabilities of the pharmacy to refund claims under section 295.52.",
      "modified": []
    },
    "citation": "295.52",
    "subdivision": "subdivision 4"
  }
]

Sponsors