The bill proposes the repeal of the excise tax on malt beverages and amends existing regulations regarding the importation of alcoholic beverages for personal use. Key changes include the removal of the requirement for licensed malt beverage wholesalers to report and pay state excise tax on imported products. Additionally, the bill specifies that an excise tax will no longer be assessed on malt beverages, while maintaining taxes on wine and spirituous liquors. The bill also updates the language to refer to "alcoholic liquors" instead of "alcoholic or malt beverages" in various sections, clarifying the types of beverages subject to taxation and regulation.

Furthermore, the bill establishes new limits on the personal importation of alcoholic liquors, allowing individuals to bring in specific quantities without prior authorization, provided that applicable state excise taxes have been paid. It also outlines the process for confiscation of untaxed alcoholic liquors by authorized inspectors and the subsequent handling of such products based on their merchantability. The effective date for the implementation of this act is set for July 1, 2025.

Statutes affected:
Introduced: 12-2-201, 12-2-302, 12-3-101, 12-3-102