DE HB122

Modifies § 581 of Delaware Code to change the tax collection point for alcoholic beverages from importers' purchase or receipt to the point of sale to purchasers in the state.

Allows importers to claim a nonrefundable tax credit for August 2019 and July 2020 equal to one-half the tax previously paid on alcoholic beverage inventory held in Delaware as of July 31, 2019.

Unused tax credits may be carried forward and applied against future tax obligations.

Importers must timely report their alcoholic beverage floor stock and inventory as of July 31, 2019 to qualify for the credit; failure to report disqualifies them from the credit.

Effective date is July 1, 2019.