(a) It shall be the duty of each pharmaceutical provider subject to this article to keep and preserve such suitable books and records as may be necessary to determine the amount of taxes for which it is liable under the provisions of this article. Said books and records shall be kept and preserved for a period of not less than three years, and all such books and records shall be open for examination during business hours by the department or its duly authorized agents.
(b) All information secured pursuant to this article by the department shall be confidential, as prescribed by Section 40-2A-10, except that the department may provide such information to the Alabama Medicaid Agency as necessary for the proper administration of the Medicaid Program, or for the department's proper administration of the tax levied by this article.
(c) The department shall from time to time, as it deems desirable, promulgate such reasonable rules and regulations as necessary to provide for the orderly and efficient administration of the tax levied by this article.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 26B - Providers of Medical Services Privilege Tax.
Article 1 - Pharmaceutical Services.
Section 40-26B-1 - Definitions.
Section 40-26B-2 - Privilege Tax Upon Providers of Pharmaceutical Services; Exceptions.
Section 40-26B-4 - Filing of Statement; Penalty.
Section 40-26B-6 - Use of Revenues; Reimbursement.
Section 40-26B-7 - Reduction or Elimination of Revenues Prohibited While Tax in Effect.
Section 40-26B-8 - Effect of Article if Federal Financial Participation Is Not Available.