South Carolina – Legislative Updates

SALT Report 3067 – The South Carolina Department of Revenue issued an information letter that summarizes legislative and regulatory changes that were made during the most recent legislative session.  The bulletin states that House Bill 3710 temporarily reenacted the following Continue reading South Carolina – Legislative Updates

Washington – Preferential Tax Rate for Warehousing and Reselling Prescription Drugs

SALT Report 3031 – The Washington Department of Revenue issued an excise tax advisory to clarify the requirements that must be met to qualify for the preferential B&O tax treatment for warehousing and reselling prescription drugs.  Under the provisions of Continue reading Washington – Preferential Tax Rate for Warehousing and Reselling Prescription Drugs

Virginia – Taxability of Non-prescription Drugs and Proprietary Medicines

SALT Report 2257 – Due to recent changes in the sales and use tax laws, the Virginia Department of Taxation has issued a bulletin that discusses the exemption for non-prescription drugs and proprietary medicines. The Bulletin clarifies that the exemption Continue reading Virginia – Taxability of Non-prescription Drugs and Proprietary Medicines