This bill amends the reporting and payment requirements 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 must submit monthly reports and payments to the Department of Revenue by the 10th day of each month. The bill introduces a provision allowing 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 schedule for quarterly reporting and payments is specified in the bill.

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. Overall, this legislation aims to ease the tax reporting burden on smaller beer and wine permit holders by allowing them to report and pay taxes less frequently, while still ensuring compliance with tax obligations.

Statutes affected:
Introduced: 123.137, 123.184