REP. NANCY MACE PROPOSES LEGISLATION TO STOP TAXING OVER-THE-COUNTER MEDICINE
Proposal Would Eliminate Sales Tax on Over-The-Counter Medicine
Representative Nancy Mace today proposed “Medicine Tax Relief” legislation that would eliminate South Carolina’s sales tax on over-the-counter (OTC) medicine. South Carolina is one of 35 states that still taxes OTC medicine, adding 6-9% to the cost of everything from cold medicine to pain relievers to allergy medication.
“We don’t tax prescription medicine,” said Rep. Mace. “When you’re sick, you shouldn’t have to pay a tax on the medicine that makes you healthier.”
The legislation uses the federal Food and Drug Administration’s “Drug Facts” panel requirement as the standard, any medicine that carries a Drug Facts label would be tax-exempt. This is the same standard used by Texas, which exempted OTC medicine in 2015.
Key facts:
• The average American household spends approximately $450 per year on OTC medicines
• States that already exempt OTC medicine include Texas, New York, Pennsylvania, Virginia, Minnesota, New Jersey, Maryland, Vermont, Connecticut, Florida (partial), and D.C.
• Exempted items include pain relievers, cold and flu medicine, allergy medication, antacids, first aid supplies, and other FDA-labeled drugs
“This is a common-sense bill,” Mace said. “Families are struggling with the cost of living. The least we can do is stop taxing their medicine.”
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CONGRESSWOMAN NANCY MACE DELIVERS RESULTS FOR SOUTH CAROLINA
Since the start of the year, Rep. Nancy Mace has introduced seven major pieces of legislation to reduce the cost of living and affordability, roads and bridges, illegal immigration and law and order, and to protect families:
Voyeurism Law: Protecting privacy and cracking down on predators https://nancymace.org/nancy-mace-proposes-voyeurism-law-to-sc/
Immigration Enforcement Act: Supporting local law enforcement https://nancymace.org/immigration-enforcement-act/
Stop Taxing Babies: Eliminating the diaper tax https://nancymace.org/stop-taxing-babies/
Pothole Accountability Act: Fix it in 10 days or explain why https://nancymace.org/pothole-accountability-act/
SC Employer Immigration Compliance Act: $1,000/day fine for hiring illegals https://nancymace.org/1k-day-hiring-illegals/
Sunset Legislation: Endorsed the Sunset bills in State Legislature: Repeal 2 regulations for every 1 created, (S254 and H3021).
Medicine Relief: Proposed no taxes on over-the-counter medicine.
