U.S. Supreme Court rejects challenge to New York tax on opioid companies | The Mighty 790 KFGO – kfgo.com

U.S. Supreme Court rejects challenge to New York tax on opioid companies | The Mighty 790 KFGO

From kfgo.com
2021-10-04 14:09:13

Excerpt:

WASHINGTON (Reuters) -The U.S. Supreme Court on Monday cleared the way for New York to collect a $200 million surcharge imposed on opioid manufacturers and distributors to defray the state’s costs arising from the deadly epidemic involving the powerful painkilling drugs.

The justices declined to hear an appeal by two trade groups representing drug distributors and generic drug makers and a unit of British-based pharmaceutical company Mallinckrodt Plc of a lower court’s decision upholding the surcharge.

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