338.500. Gross retail prescriptions, tax imposed, definitions. - Missouri Statutes

Gross retail prescriptions, tax imposed, definitions.

338.500. 1. In addition to all other fees and taxes required orpaid, a tax is hereby imposed upon licensed retail pharmacies for theprivilege of providing outpatient prescription drugs in this state. Thetax is imposed upon the Missouri gross retail prescription receipts earnedfrom filling outpatient retail prescriptions.

2. For purposes of sections 338.500 to 338.550:

(1) "Gross retail prescription receipts" shall mean all amountsreceived by a licensed pharmacy for its own account from the sale ofoutpatient prescription drugs in the state of Missouri but shall notinclude those sales shipped out of the state of Missouri and shall includethe receipts from cost sharing, dispensing fees, and retail prescriptiondrug sales;

(2) "Licensed pharmacy" shall have the same meaning as such term isdefined in section 338.210;

(3) "Retail" means a sale for use or consumption and not for resale.

(L. 2002 S.B. 1248)

Effective 6-19-02

Expires 9-30-11