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New York Tax On Opioid Drug Makers Revived By Federal Appeals Court
Route Fifty: A federal appeals court this week granted New York state permission to implement an opioid tax on the manufacturers and distributors of prescription painkillers in a ruling that will enable the state to collect hundreds of millions of dollars.
New York approved the Opioid Stewardship Act in 2018, which required all pharmaceutical manufacturers and wholesalers who sell or distribute prescription opioids in the state to collectively pay $100 million a year. The amount to be paid per company would be determined by the market share of sales.
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