S527 - ABC Omnibus 2023-24. (SL 2024-41)

Overview: Section 23 of S.L. 2024-41 caps the amount of sales and use tax payable on the purchase of a single container of spiritous liquor the purchase price of which is equal to or greater than $50,000. In order to effectuate this cap administratively, a purchaser must either apply to the Department of Revenue for a direct pay permit and pay the tax directly to the Secretary, or the seller may voluntarily collect the tax on behalf of the purchaser.

This section becomes effective January 1, 2025, and applies to purchases occurring on or after that date.