GAIN, part of the FDA Safety and Innovation Act that was signed into law in July 2012, allows for a drug to be classified as a qualified infectious disease product (QIDP) that, in turn, moves up the PDUFA review decision date by two months and, if approved, provides companies with five additional years of market exclusivity to recoup their investments.
Like the manufacturers' sales tax, the wholesale sales tax ordinarily excludes services, although sales of gas and electrical energy are sometimes included. 3. RETAIL SALES TAX: A retail sales tax is one which applies to sales at retail of tangible personal property to final consumers and industrial users.
Sales tax is paid by the seller or lessor, but use tax is usually paid by the BUYER/LESSEE. Purchases. or rentals which would have been taxable but have so far not been taxed may be subject to use tax. Some common situations where use tax is due are purchases from out-of-state vendors or vendors not.