§ 51.6302-1 Method of paying the branded prescription drug fee.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
Fee to be paid by electronic funds transfer.(a) Under the authority of section 6302(a), the fee imposed on branded prescription drug sales by section 9008 and § 51.5 must be paid by electronic funds transfer as defined in § 31.6302-1(h)(4)(i) of this title, as if the fee were a depository tax. For the time for paying the fee, see § 51.8.
Effective/applicability date.(b) This section applies on and after July 28, 2014.
[T.D. 9684, 79 FR 43645, July 28, 2014]
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