HB 452-FN – AS INTRODUCED
2007 SESSION
HOUSE BILL 452-FN
AN ACT dedicating a percentage of liquor, wine, and beer revenues to the education trust fund.
SPONSORS: Rep. Parkhurst, Ches 4
This bill dedicates a percentage of liquor, beer, and wine revenues to the education trust fund.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
07-0488
09/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seven
AN ACT dedicating a percentage of liquor, wine, and beer revenues to the education trust fund.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Liquor Revenues. Amend RSA 176:16 to read as follows:
176:16 Funds.
I. Except as provided in [paragraph] paragraphs II and III, all gross revenue derived by the commission from the sale of liquor, or from license fees, shall be deposited into the general funds of the state. The expenses of administration and all other expenditures provided for in this title shall be paid by the state treasurer on warrants of the governor with the advice and consent of council.
II. Fifty percent of the amount by which the current year gross profits exceed fiscal year 2001 actual gross profit, but not more than 5 percent of the current year gross profits derived by the commission from the sale of liquor and other revenues, shall be deposited into the alcohol abuse prevention and treatment fund established by RSA 176-A:1.
III. Three percent of the gross revenues derived by the commission from the sale of liquor and other revenues shall be deposited into the education trust fund established under RSA 198:39.
2 New Paragraph; Beverage Revenues. Amend RSA 178:26 by inserting after paragraph III the following new paragraph:
IV. Three percent of the gross revenues from license fees under this chapter and from the additional fee under paragraph I shall be deposited into the education trust fund established under RSA 198:39.
3 Education Trust Fund. Amend RSA 198:39, I(k) to read as follows:
(k) Three percent of gross liquor, wine, and beer revenues under RSA 176:16, III and RSA 178:26, III.
(l) Any other moneys appropriated from the general fund.
4 Effective Date. This act shall take effect July 1, 2007.
LBAO
07-0488.0
Revised 02/06/07
HB 452 FISCAL NOTE
AN ACT dedicating a percentage of liquor, wine, and beer revenues to the education trust fund.
FISCAL IMPACT:
The Liquor Commission has determined this bill will decrease state general fund revenue and increase state education trust fund revenue by an indeterminable but equal amount in fiscal year 2008 and each fiscal year thereafter. There will be no fiscal impact on state, county and local expenditures or county and local revenue.
METHODOLOGY:
The Liquor Commission states this bill would not have any impact on the amount of revenues deposited to the general fund by the Commission. However, this bill dedicates 3% of liquor, beer, and wine gross revenues to the education trust fund. The Commission assumes the term gross revenue as used in the bill is intended to mean gross profit. The Commission had unaudited gross profit of $120,652,919 on unaudited sales of $422,312,088 in fiscal year 2006. Three percent of total gross profit using FY 06 unaudited results would total approximately $3.6 million and three percent of total gross revenues would total approximately $12.7 million.