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Bill would raise audit threshold for municipal liquor stores to $500,000; representatives cite cost pressure on small towns
Summary
Representative Anderson introduced House File 1956 to increase the revenue threshold requiring municipal liquor stores to submit audited financial statements from $350,000 to $500,000, citing inflation and rising audit costs for small towns; the committee laid the bill over.
Representative Anderson brought House File 1956 to the committee on March 13, seeking to raise the audited financial-statement threshold for municipal liquor stores from $350,000 to $500,000.
Anderson said the $350,000 threshold was set in the early-to-mid 1990s and that adjusting it to $500,000 is "a cautious and acceptable adjustment" when accounting for inflation.…
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