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MO HB719
Bill
Status
3/1/2011
Primary Sponsor
Michael Corcoran
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AI Summary
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Repeals and replaces section 311.554 of Missouri law relating to wine sales charges and fund allocations
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Creates a new "Division of Alcohol and Tobacco Control Enforcement Fund" in the state treasury, funded by one cent of the six cents per gallon wine sales charge currently collected
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Dedicates the new enforcement fund to administration of liquor control statutes, with money remaining at the end of each biennium retained in the fund rather than reverting to general revenue
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Maintains existing allocations of the remaining five cents per gallon to the Missouri Wine and Grape Fund for grape and wine market development programs, with authority for state treasurer to approve disbursements in accordance with state law
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Allows the state treasurer to invest moneys in the enforcement fund and credit any interest earnings back to the fund
Legislative Description
Requires one cent from the six cent fee that is deposited into the Missouri Wine and Grape Fund to be deposited into the newly created Division of Alcohol and Tobacco Control Enforcement Fund
Last Action
Public Hearing Completed (H)
3/30/2011