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NC H578

Bill

Official Source

Status

Introduced

4/5/2023

Primary Sponsor

Zack Forde-Hawkins

Click for details

Origin

House of Representatives

2023-2024 Session

AI Summary

  • Creates a new direct pay permit for purchases of qualifying spiritous liquor (single containers with purchase price of $50,000 or more) that allows buyers to purchase without paying tax to the seller
  • Caps the maximum use tax on qualifying spiritous liquor at $1,000, with purchasers required to file returns and pay tax directly to the Secretary
  • Exempts distilleries from remitting excise taxes on spiritous liquor in single containers priced at $50,000 or greater, though purchasers must still remit use tax
  • Applies to spiritous liquor including products aged for at least twelve months in orbit
  • Effective January 1, 2024 for purchases occurring on or after that date

Legislative Description

Incentivize Space Spirits

Excise; Taxes

Last Action

Ref to the Com on Alcoholic Beverage Control, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House

4/6/2023

Committee Referrals

Alcoholic Beverage Control4/6/2023

Full Bill Text

No bill text available