This bill proposes the addition of a new section, 60-1-8, to the Code of West Virginia, 1931, aimed at reforming the tax remittance process for distilleries, mini-distilleries, and micro-distilleries to the West Virginia Alcohol Beverage Control Administration (ABCA). The legislation outlines findings that the current practice of the ABCA, which involves holding all gross revenues from in-state distillers until tax liabilities are quantified, is overly complicated and detrimental to the growth of these businesses. The bill emphasizes that in-state distillers should be treated similarly to other businesses in the state, allowing them to pay their tax liabilities directly from their gross revenue.

The bill stipulates that distilleries, mini-distilleries, and micro-distilleries will remit their tax liabilities according to existing policies and procedures set by the West Virginia Tax Division, while still being responsible for all applicable market zone fees, licensing fees, and other related payments to the Tax Commissioner. Additionally, the bill includes a provision for its effective date, stating that the new section will take effect upon passage. Overall, the proposed changes aim to simplify the tax payment process for in-state distillers and facilitate their financial operations.

Statutes affected:
Introduced Version: 60-1-8