HB 2769 Summary

• Adds a new definition of "ready-to-drink spirits products" (distilled spirits mixed with beverages not exceeding 12% alcohol by volume, in containers of 24 ounces or less in manufacturer's original packaging) to liquor and tax code sections.

• Imposes a tax of $1.25 per gallon on ready-to-drink spirits products, with proportionate rates for quantities less than or greater than one gallon.

• Requires wholesalers of ready-to-drink spirits products to file bonds, prepare monthly tax returns, and pay applicable taxes to the department by the twentieth day of the following month.

• Extends existing tax and regulatory provisions applicable to spirituous liquor wholesalers to also cover ready-to-drink spirits product wholesalers.

• Applies to craft distillers and other manufacturers selling ready-to-drink spirits products at retail, requiring them to pay applicable taxes and file monthly returns.