This bill proposes an exemption from the sales and use tax for sales of pet food and qualified pet medication purchased for use by qualified pets. The legislation defines "pet food" as any commercially prepared substance intended for domesticated animals kept in households, while "qualified pet" refers to legally owned domesticated animals primarily kept for companionship. Additionally, "qualified pet medication" is defined as medications recognized by the State Board of Pharmacy or the State Board of Veterinary Medical Examiners for treating qualified pets, including those prescribed by licensed veterinarians.

The intent of the bill is to alleviate the financial burden on pet owners by exempting these necessary expenses from taxation, thereby promoting pet ownership and encouraging preventative care. By reducing the costs associated with pet food and medication, the bill aims to improve the well-being of companion animals and potentially decrease the number of animals in shelters. The provisions of the bill will take effect on the first day of the first full calendar quarter following its enactment.