HB20-1306
Excise Tax Credit Unsalable Alcohol Beverages
Concerning the repeal of the refund or credit for the amount of previously paid excise tax on alcohol beverages that are rendered unsalable by reason of destruction or damage.
Session:
2020 Regular Session
Subject:
Bill Summary
Liquor, Tobacco, & Marijuana
Under current law, manufacturers and distributors of alcohol beverages are allowed to receive a refund or credit for the amount of excise tax on alcohol beverages that they previously paid for alcohol beverages that later became unsalable due to damage or destruction. The bill repeals this refund or credit as of January 1, 2021.
(Note: This summary applies to this bill as introduced.)