Adds new subsection (a4) to GS 105-164.27A, which allows a purchaser of qualifying spiritous liquor, defined as a single container of spiritous liquor costing $50,000 or more, to apply for a direct pay permit to avoid paying sales tax on the liquor purchase to the seller and instead pay use tax directly to the Secretary of Revenue. The maximum amount of use tax imposed is $1,000, and the permit applies only to the purchase of qualifying spiritous liquor. Also provides an exemption in GS 105-113.81(f) for luxury liquor, defined as a single container of spiritous liquor costing $50,000 or more.
Effective and applicable to purchases on or after January 1, 2024.
INCENTIVIZE SPACE SPIRITS.
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO INCENTIVIZE NEW TECHNOLOGIES IN THE MANUFACTURING OF SPIRITOUS LIQUOR BY CAPPING THE TAX ON CERTAIN PURCHASES, INCLUDING SPIRITOUS LIQUOR THAT HAS BEEN AGED FOR AT LEAST TWELVE MONTHS IN ORBIT.Intro. by Moffitt, Johnson.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Apr 5 2023)
Bill History:
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Tue, 4 Apr 2023 Senate: Filed
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Wed, 5 Apr 2023 Senate: Passed 1st Reading
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Wed, 5 Apr 2023 Senate: Ref To Com On Rules and Operations of the Senate
S 572
Bill Summaries:
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Bill S 572 (2023-2024)Summary date: Apr 4 2023 - View Summary
View: All Summaries for Bill
Identical to H 578, filed 4/5/23.