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2020 SESSION

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SB 698 Alcoholic beverage control; distiller licenses, monthly revenue transfers.

Introduced by: T. Montgomery "Monty" Mason | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Alcoholic beverage control; distiller licenses; monthly revenue transfers. Requires the Board of Directors of the Virginia Alcoholic Beverage Control Authority, upon application by the distiller and satisfaction of certain eligibility criteria, to include in any agreement it enters into with the licensed distiller for the sale of alcoholic beverages provisions that allow monthly revenue transfers from the distiller to the Board to be submitted electronically and to be limited to the amount due to the Board in applicable taxes and markups. Under law that is set to become effective on July 1, 2020, the Board is required, without condition, to allow such electronic submission and to limit such monthly revenue transfers to the amount due to the Board in applicable taxes and markups.

SUMMARY AS PASSED SENATE:

Alcoholic beverage control; distiller licenses; monthly revenue transfers. Allows the Board of Directors of the Virginia Alcoholic Beverage Control Authority to include in any agreement it enters into with a licensed distiller for the sale of alcoholic beverages provisions that allow monthly revenue transfers from the distiller to the Board to be submitted electronically and to be limited to the amount due to the Board in applicable taxes and markups. Under law that is set to become effective on July 1, 2020, the Board is required to allow such electronic submission and to limit such monthly revenue transfers to the amount due to the Board in applicable taxes and markups.

SUMMARY AS INTRODUCED:

Alcoholic beverage control; distiller licenses; monthly revenue transfers. Allows the Board of Directors of the Virginia Alcoholic Beverage Control Authority to include in any agreement it enters into with a licensed distiller for the sale of alcoholic beverages provisions that allow monthly revenue transfers from the distiller to the Board to be submitted electronically and to be limited to the amount due to the Board in applicable taxes and markups. Under law that is set to become effective on July 1, 2020, the Board is required to allow such electronic submission and to limit such monthly revenue transfers to the amount due to the Board in applicable taxes and markups. The bill also removes the provision, which would otherwise become effective on July 1, 2020, that requires the Board to waive any case fee charged to a licensed distiller for moving spirits when such spirits are moved by employees of the distiller.