MURPHY’S BUDGET WOULD IMPOSE NEW TAX ON OPIOID MANUFACTURERS

New Jersey has joined a growing number of states seeking to generate additional revenue to fight the opioid epidemic through new taxes on the pharmaceutical companies that manufacture the highly addictive medicines that can lead to drug abuse.

In his new budget proposal, Gov. Phil Murphy has called for a tax on companies that make or distribute opioids, which his administration said could raise some $21.5 million over the coming fiscal year. Details of the plan remain scarce and it would require legislation, which has yet to be introduced.

https://www.njspotlight.com/stories/19/04/07/murphys-budget-plan-would-impose-new-tax-on-opioid-manufacturers/