Government
10:14 am
Thu October 17, 2013

Bill would exempt some over-the-counter meds from taxes

LANSING, MI (AP)--   Michigan lawmakers are looking to let people not pay sales taxes on certain over-the-counter drugs.  

The state House has unanimously approved legislation that would provide a tax exemption for over-the-counter drugs when obtained under a prescription.  The state already exempts prescription drugs from the 6-percent sales tax.

The bill now heads to the Senate.

A nonpartisan fiscal analysis says the measure could reduce tax revenue by $8.2 million a year.  Public schools get the bulk of sales tax revenue.