HB75 Alabama 2017 Session

Sponsors

Session

Regular Session 2017

Title

Wholesale to Retail Accountability Program (WRAP) established, standardized reporting of beer and wine distributors and sellers of tobacco products for resale purposes, industry advisory group established

Description

<p class="bill_description"> This bill establishes the Wholesale to Retail Accountability Program or "WRAP". This bill would standardize the informational reporting of licensed beer and wine distributors and sellers of tobacco products making sales within this state for resale purposes, on which sales or use tax was not collected at the time of the sale, to the Department of Revenue regarding those transactions</p><p class="bill_description"> This bill establishes an industry advisory group</p><p class="bill_description"> The bill would also provide for information on municipal business privilege licenses to be submitted to the department</p><p class="bill_entitled_an_act"> To establish the Wholesale to Retail Accountability Program or "WRAP". To standardize the reporting of sellers of tobacco products and distributors of beer and wine to file informational reports on sales for resale purposes made within this state in which sales or use tax was not collected; to provide electronic filing of required informational reports; to establish an industry advisory group; to provide penalties for noncompliance; to authorize the Department of Revenue to adopt rules; to provide for duplicate information reporting from reporting entities as defined in Section 6050W of the Internal Revenue Code; to provide for information on municipal business privilege license applications to be submitted to the department. </p>

Subjects

Taxation