SB 18-129

Senate Bill 18-129, which has been signed into law, aims to simplify and clarify Colorado’s sales tax exemption rules for drugs and medical devices. The bill does this by combining multiple similar definitions of "prescription" into one clear definition, organizing related terms together in the same section, and updating the language to make it easier to understand. This change will primarily affect consumers who purchase prescription medications and medical devices exempt from state sales tax, as well as businesses that sell these items. The bill's signed status means it has been approved by both houses of the Colorado legislature and is now law.

Official Summary

Statutory Revision Committee. In order to increase comprehensibility of the law exempting from state sales tax certain drugs and medical and therapeutic devices, the bill: Condenses the 5 essentially identical definitions of the term 'prescription' in the current law into a single definition; Relocates another defined term within that law so that all definitions are in the same place, which relocation necessitates relettering existing defined terms so as to maintain alphabetical order; and Makes other adjustments to the current language by removing the false imperative, removing superfluous verbiage, and updating internal citations to conform to modern drafting format.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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