HB75 Summary

• Establishes the Wholesale to Retail Accountability Program (WRAP) requiring licensed beer and wine distributors and tobacco product sellers to file standardized informational reports with the Department of Revenue for tax-exempt resale sales occurring on or after January 1, 2018.

• Reports must be filed electronically by the 20th day of the month following each sale and include seller/retailer names, identification numbers, addresses, amounts sold, and invoice details.

• Imposes escalating penalties for non-compliance: first violation results in written notice with 30-day cure period, second violation up to $500, and third and subsequent violations up to $1,000 per reporting period.

• Establishes a Wholesale and Distributor Reporting Advisory Group consisting of representatives from the Department of Revenue, government entities, beer and wine industry, tobacco industry, retail community, and Alcoholic Beverage Control Board to provide recommendations on reporting requirements.

• Requires payment settlement entities and third parties to file duplicate information returns with the department within 30 days of federal filing, and municipal governments to electronically transmit business privilege license applications beginning October 1, 2018.