This bill amends West Virginia Code §60-3A-17 to allow retail liquor outlets to discount liquor that has been stagnant in their inventory for over two years. Specifically, if a retail licensee can provide documentation of the purchase date and invoice, they may sell this stagnant liquor at a reduced markup of 85% of their cost to licensed individuals and 90% of their cost to the general public, as opposed to the standard minimum markup of 115% and 110%, respectively. This change aims to facilitate the sale of older inventory, thereby benefiting both the retail outlets and the state through increased sales tax revenue.

The bill also maintains existing provisions regarding the wholesale pricing and purchasing requirements for liquor, ensuring that retail licensees continue to buy their stock from the commissioner. The proposed adjustments are intended to provide a solution for retail licensees dealing with unsold inventory while still adhering to the overall regulatory framework governing liquor sales in West Virginia.

Statutes affected:
Introduced Version: 60-3A-17