Requires the registration of chain and community pharmacies

This bill requires chain and community pharmacies in New York State to register with the state department. It defines a chain pharmacy as a publicly traded company with at least twenty locations and a community pharmacy as a privately held company with fewer than twenty, while excluding government, hospital, and supermarket-owned pharmacies from the community category. Owners must apply for a designation every three years and pay a five hundred dollar fee to comply with the new requirement. The law will take effect ninety days after it is signed into legislation.