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IA HF994
Bill
Status
5/6/2025
Primary Sponsor
Ways and Means
Click for details
AI Summary
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Class "A" and special class "A" beer permit holders expecting to owe $2,500 or less in barrel tax annually may file reports and pay taxes quarterly instead of monthly, provided they also owed $2,500 or less in the prior 12-month period (July 1 through June 30)
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Class "A" wine permit holders meeting the same $2,500 annual threshold for wine gallonage tax qualify for the same quarterly filing option
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Quarterly filing deadlines are October 10 (July-September), January 10 (October-December), April 10 (January-March), and July 10 (April-June)
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A 10% penalty applies if required reports are not filed and taxes paid within the required timeframes
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The act takes effect January 1, 2026
Legislative Description
A bill for an act concerning quarterly reports on and payments of beer barrel and wine gallonage taxes, and including effective date provisions. (Formerly HSB 273.) Effective date: 01/01/2026.
Last Action
Signed by Governor. H.J. 1092.
5/6/2025