This bill amends the reporting and payment schedule for class A and special class A beer permit holders and class A wine permit holders regarding their respective barrel and gallonage taxes. Under the current law, these permit holders are required to submit monthly reports and payments to the Department of Revenue by the 10th day of each month. The bill introduces a provision that allows those who reasonably expect to owe no more than $2,500 in taxes for the twelve-month period from July 1 to June 30, and who had similar tax liabilities in the previous year, to file reports and make payments on a quarterly basis instead. The new quarterly schedule specifies deadlines for reports and payments on or before October 10, January 10, April 10, and July 10.

Additionally, the bill includes a penalty of ten percent for late filings and payments. The effective date for these changes is set for January 1, 2026. This legislative change aims to ease the reporting burden on smaller permit holders while ensuring compliance with tax obligations.

Statutes affected:
Introduced: 123.137, 123.184