SB 131 Summary

• Requires all taxpayers to electronically submit tax returns and reports to the Department of Revenue in a department-prescribed format, with exemptions available for those lacking electronic capability.

• Imposes a civil penalty of $25 or one percent of total tax (whichever is greater) on taxpayers who fail to electronically submit returns without an exemption or reasonable cause.

• Doubles excise tax rates on alcoholic beverages effective July 1, 2016: malt beverages and cider from $1.07 to $2.14 per gallon; wine from $2.50 to $5.00 per gallon; high-alcohol beverages from $12.80 to $25.60 per gallon.

• Doubles the reduced tax rate for small brewers from 35 cents to 70 cents per gallon on the first 60,000 barrels sold annually.

• Changes monthly alcohol beverage statements from airmail submission to electronic submission in a department-prescribed format.