Sorry Fido, NJ Medicine Tax Breaks For Humans Only

Law360, New York (March 14, 2014, 7:16 PM EDT) -- New Jersey's tax regulator reminded pharmacies, veterinarians and consumers on Friday that the state's sales tax exemption for prescription drugs applies only to medicines prescribed to humans — not animals.

The exemptions provided for in the New Jersey Sales and Use Tax Act only apply to drugs intended for human use, even when pets are prescribed the same medication, the New Jersey Division of Taxation said in a notice.

New Jersey pharmacies are required to collect sales tax when selling prescription drugs that are prescribed by...
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