HB 5672
Relating to collecting a tax from all manufacturers and distributors of opioid drugs
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes a new tax on manufacturers and distributors of opioid drugs sold in West Virginia. The tax amount is calculated based on the number of opioid-related overdose deaths reported by the Department of Health in the previous year, with a rate of one cent per 100 pills sold. Collected funds will be deposited into the Ryan Brown Addiction Prevention and Recovery Fund to support drug addiction prevention and recovery programs. Pharmacies are responsible for collecting and remitting this tax to the Tax Commissioner.
Key provisions
- Imposes an excise tax on opioid drugs sold to licensed pharmacies in West Virginia.
- The tax rate is calculated based on the number of opioid overdose deaths reported annually.
- The tax is levied on pharmaceutical manufacturers and distributors.
- Pharmacies are responsible for collecting and remitting the tax.
- Collected funds will be deposited into the Ryan Brown Addiction Prevention and Recovery Fund.
- The Department of Health provides overdose death data to the Tax Commission.
- The tax is applied per 100 pills sold.
- Manufacturers and distributors cannot pass the tax on to patients.
Who is affected
- Pharmaceutical Manufacturers
- Pharmaceutical Distributors
- Licensed Pharmacies
- Patients
- The State of West Virginia
Notable changes
- Establishes a new excise tax specifically for opioid drugs.
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