A surprise substitute bill for this year – SB 484 (Reeves) – has passed out of Senate Rehab Committee (7-6, 2 Abstentions) and has gone to Senate Finance.
This bill creates new license class for distillers, increases excise tax from 20% to 30% on wholesale cost and allows distillers to keep mark-up profits on bottles manufactured and sold on location instead of having to send all revenues to ABC. Also reduces administrative costs on the ABC side. We like this bill a lot, and it helps close of of the fiscal impacts that we are concerned could otherwise perhaps hinder our distillery freedom bills from passing.
We would like to thank Senator Reeves for his hard work on this bill and the time he took to look at putting together a substantive re-write of a a very large, poorly defined, and confusingly written section of VA Code.
To send your support for fairness and a level playing field for our distillery owners, please fill out the form below to send an email to every member of the House Appropriations Committee.