A bill to amend the Internal Revenue Code of 1986 to repeal the occupational taxes relating to distilled spirits, wine, and beer.

Fact Sheet API

Bill Number

S 702

Introduced

Apr 5, 2005

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3206-3207)

Sponsor

Cosponsors

Topics

Agriculture and Food Alcohol tax Alcoholic beverages Beer Business records Commerce Crime and Law Enforcement Fines (Penalties) Forfeiture Government Operations and Politics Government paperwork Law Retail trade Taxation Wholesale trade Wine

Full Text

View Full Bill Text

Votes

Summary

Amends the Internal Revenue Code to repeal specified occupational taxes relating to distilled spirits, wine, and beer. Revises recordkeeping requirements for wholesale and retail liquor dealers. Requires liquor dealers who are subject to recordkeeping requirements to register with the Secretary of the Treasury. Makes it unlawful for any liquor dealer to purchase distilled spirits for resale from any person other than a wholesale dealer in liquor subject to recordkeeping requirements.

Actions

Apr 5, 2005

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3206-3207)
Apr 5, 2005

Sponsor introductory remarks on measure. (CR S3206)
Apr 5, 2005

Introduced in Senate

Amendments

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