This bill proposes the addition of a new section, 60-1-8, to the Code of West Virginia, aimed at reforming the tax remittance process for distilleries, mini-distilleries, and micro-distilleries. The legislation acknowledges that the current practice of the West Virginia Alcohol Beverage Control Administration (ABCA) of holding all gross revenues from in-state distillers complicates their operations and growth. It outlines that distillers should be treated similarly to other businesses, allowing them to pay their tax liabilities directly from their gross revenue rather than having their non-tax revenue held until tax liabilities are quantified and approved by the West Virginia Auditor's office.

The bill stipulates that distilleries must remit their tax liabilities according to existing policies set by the West Virginia Tax Division, while also ensuring that all applicable fees and taxes continue to be paid to the Tax Commissioner. The proposed changes aim to simplify the current bailment process for tax payments, thereby enabling distillers to realize their true revenue amounts more promptly. The new section is set to take effect upon passage of the bill.

Statutes affected:
Introduced Version: 60-1-8