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

Overview: Section 10 of S.L. 2024-41 allows the ABC Commission to authorize a local board to sell spirituous liquors below the price paid by the local board, including the bailment charge and surcharge, upon request from the local board. The Commission must verify that allowing the price reduction would not cause the local board to operate at an annual net loss or, if the local board was already operating at a loss, would not cause the local board to incur additional annual net revenue losses.

This section also allows a distillery to request to be notified if its products are authorized for pricing below the distiller's price pursuant to this section. In that case, the distillery has the right of first refusal to purchase back its products at the reduced price for two days before the retail price is reduced for consumers.

This section became effective July 8, 2024.