SB104 Summary

• Establishes the Wholesale to Retail Accountability Program (WRAP) requiring licensed beer and wine distributors and tobacco sellers to file standardized informational reports with the Department of Revenue for sales made for resale purposes without sales or use tax collection.

• Reports must include seller and retailer information (names, identification numbers, addresses, total amounts sold) and be filed electronically by the 20th of each month following the sale, with first reports due for sales occurring on or after January 1, 2018.

• Penalties for non-compliance include written notice on first violation, up to $500 for second violation, and up to $1,000 for third and subsequent violations per reporting period.

• Establishes a Wholesale and Distributor Reporting Advisory Group with representatives from the Department of Revenue, county and municipal governments, and industry associations to provide recommendations on reporting requirements.

• Requires payment settlement entities to file duplicate information returns with the Department within 30 days of federal filing, and mandates municipal business privilege license information be electronically transmitted to the Department for licenses issued on or after October 1, 2018.