HB 428-FN – AS INTRODUCED
2009 SESSION
03/04
HOUSE BILL 428-FN
AN ACT relative to discounts on wine purchased from the liquor commission.
SPONSORS: Rep. Sedensky, Rock 8; Rep. Van Patten, Rock 8; Rep. Wells, Rock 8
COMMITTEE: Local and Regulated Revenues
This bill modifies the eligibility for certain minimum discounts on wine purchased from the liquor commission.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
09-0719
03/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nine
AN ACT relative to discounts on wine purchased from the liquor commission.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Discount on Wine Purchases. RSA 178:28, V is repealed and reenacted to read as follows:
V. A schedule of hours and procedures by which fortified wines and table wines may be purchased at the discount price for resale by holders of off-premises retail licenses at percentages of discount to be determined by the commission. Discounts for holders of off-premises retail licenses with annual wine purchases under $500,000 shall be no less than 15 percent less than the regular retail price in the liquor stores and 20 percent less than the regular price F.O.B. at the warehouse.
2 Effective Date. This act shall take effect July 1, 2009 at 12:01 a.m.
LBAO
09-0719
01/14/09
HB 428-FN - FISCAL NOTE
AN ACT relative to discounts on wine purchased from the liquor commission.
FISCAL IMPACT:
The Liquor Commission states this bill will increase state general fund revenue by $2,800,000 in FY 2010 and each year thereafter. There is no fiscal impact on county and local revenue or state, county, and local expenditures.
METHODOLOGY:
The Liquor Commission states this bill will allow a decrease in the warehouse discount from 20 percent to 15 percent for holders of off-premises retail licenses that have annual wine purchases exceeding $500,000. The Commission states there are 12 licensees that exceed the $500,000 threshold for wine purchases in a 12 month period. The Commission estimates, assuming sales remain constant, revenue will increase by approximately $2,800,000 in FY 2010 and each year thereafter.