| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | HOUSE BILL 767 | |
| 3 | 3 | By Hicks G | |
| 4 | 4 | ||
| 5 | 5 | SENATE BILL 907 | |
| 6 | 6 | By Haile | |
| 7 | 7 | ||
| 8 | 8 | ||
| 9 | 9 | SB0907 | |
| 10 | 10 | 002784 | |
| 11 | 11 | - 1 - | |
| 12 | 12 | ||
| 13 | 13 | AN ACT to amend Tennessee Code Annotated, Title 67, | |
| 14 | 14 | Chapter 4, Part 7, relative to taxation. | |
| 15 | 15 | ||
| 16 | 16 | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: | |
| 17 | 17 | SECTION 1. Tennessee Code Annotated, Section 67-4-708(2)(D), is amended by | |
| 18 | 18 | deleting the subdivision and substituting instead the following: | |
| 19 | 19 | (D) Prescription drugs and patent medicines not otherwise exempt under ยง 67-4- | |
| 20 | 20 | 712(g)(1); | |
| 21 | 21 | SECTION 2. Tennessee Code Annotated, Section 67-4-712, is amended by adding the | |
| 22 | 22 | following as a new subsection: | |
| 23 | 23 | (g) The tax imposed by this part does not apply to any receipts from the sale of | |
| 24 | 24 | the following: | |
| 25 | 25 | (1) Any prescription drug or medicine with a cost for a thirty-day | |
| 26 | 26 | equivalent supply that exceeds the medicare part D specialty tier cost threshold | |
| 27 | 27 | for 2025 plan years, as determined by the federal centers for medicare and | |
| 28 | 28 | medicaid services (CMS) pursuant to 42 CFR 423.104(d)(2)(iv)(A); or | |
| 29 | 29 | (2) Services necessary for proper preparation, storage, handling, | |
| 30 | 30 | administration, patient education, or post-sale monitoring of drugs or medicines | |
| 31 | 31 | exempt under subdivision (g)(1). | |
| 32 | 32 | SECTION 3. This act takes effect July 1, 2025, the public welfare requiring it. |