Committee approves statutory fix for alcohol excise deduction process
The committee adopted a strike-all amendment and reported CS/SB 678 favorably; sponsor Senator Mayfield said the bill restores statutory authority to allow the Department of Business and Professional Regulation to continue permitting deductions for unsellable alcohol that previously operated under rulemaking.
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Senator Mayfield told the committee that SB 678 restores the statutory framework allowing the Department of Business and Professional Regulation to permit distributors to deduct unsellable alcohol for monthly excise tax purposes after the prior administrative rule was nullified due to repeal of the enabling statute. Mayfield offered a strike-all amendment (barcode 105254) that restructures a section for clarity and makes the act retroactive to Jan. 1, 2025.
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