Not true. Drug store isopropyl alcohol is just water and iso in varying proportions. I’ve bought a lot over the years from dozens of different places. I use it for a lot of stuff.
Ethyl alcohol is denatured, which is what you’re getting it confused with, and it has to be for tax purposes. Sometimes generic rubbing alcohol is denatured ethanol, I suppose. Sometimes other perfumes and stuff are added to generic “rubbing alcohol” But not isopropyl alcohol.