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Bill

LC 89

Revise liquor profit transfer statute

2025 Regular Session

LC 89 would revise how liquor profits are transferred to state funds, but the draft died and no changes were enacted, leaving potential future impact uncertain.

(LC) Draft Died in Process
#alcoholanddrugs #taxation(generally) #taxation--sales
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Bill Summary · LC 89

Summary of LC 89 — Revise liquor profit transfer statute

Overview

  • Bill number and title: LC 89, Revise liquor profit transfer statute
  • Status: Draft died in process (LC). No further action after its draft status.
  • Introduced: September 4, 2024
  • Classification/Subject: Bill; Alcohol and Drugs, Taxation (Generally), Taxation—Sales

Purpose and intent

  • The bill’s title indicates an aim to revise the state’s liquor profit transfer statute. In general terms, such statutes govern how profits from liquor operations (for example, a state liquor authority, liquor monopolies, or similar entity) are transferred to other state funds or accounts.
  • The exact intent, scope, and policy rationale would depend on the statutory text, which is not included in the available information. The bill would typically address how profits are calculated, allocated, and transferred, and may affect timing, recipients, or allowable uses of those transfers.

Key provisions (note: text not provided)

  • Because the actual bill language is not available in the provided data, the specific provisions cannot be listed here. In a typical “liquor profit transfer” revision, provisions might address:
    • Definitions of profit, revenue, and allowable deductions
    • Calculation method for transfers to the general fund, dedicated funds, or other accounts
    • Timing and frequency of transfers (e.g., quarterly, annually)
    • Allocation priorities or statutory caps
    • Transition rules if the statute is amended or repealed
    • Compliance, reporting, and enforcement mechanisms
  • When the bill text is accessible, a provision-by-provision analysis should be added to identify exact changes and their fiscal/legal implications.

Affected parties

  • State government entities involved with liquor operations and finance (e.g., a liquor control agency, department of treasury/finance, budget offices)
  • State and local taxpayers, insofar as transfers influence state revenues and budgeting
  • Any entities currently receiving or impacted by liquor-related transfers

Procedural and timeline aspects

  • Introduced: September 4, 2024
  • Legislative actions:
    • 2024-09-04: Drafter Assigned
    • 2025-05-22: Draft Died in Process
  • Current status: No progress beyond the draft stage; the bill did not advance through the legislative process.
  • Next steps if reconsidered: A reintroduction would require new sponsorship, committee referrals, hearings, and votes in the relevant chambers, followed by potential governor/signature or override considerations depending on the jurisdiction.

Potential impact and considerations

  • Without the text, impacts are speculative. A revision could affect state revenue planning, the distribution of liquor profits, and compliance obligations for the liquor operations.
  • Any successor bill would need to specify exact transfer amounts, timing, and recipients to determine fiscal and administrative effects.

How to monitor or obtain more information

  • Access the full bill text (LC 89) from the official legislative website or bill tracking system.
  • Review fiscal notes, committee reports, and amendments if a new version is introduced.
  • Check for reintroduction in a future session and any related bills addressing liquor profits or transfer statutes.

Compiled from official sources — confirm details with the bill’s official record.

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