Weekly Digest | TX & NC Reporting, CBMTRA Reintroduced, CA ABC Act Changes, TTB Seminars, Complicated CO
February 14, 2019
By Melani Meister, Sales Manager
In this week’s digest, we discuss new reporting requirements for both Texas and North Carolina, a reintroduction of the Craft Beverage Modernization and Tax Reform Act, new changes for the California ABC Act, upcoming TTB trade practice seminars, and simplification for Colorado sales tax.
New changes are rolling out in both Texas and North Carolina. Texas is upping the frequency of required DTC reporting and now wants the name of the carrier and the tracking number for each shipment. North Carolina also revised its reporting requirements for DTC and wholesale. Keep up to date so you don’t get penalized!
With strong support from industry associations, the Craft Beverage Modernization and Tax Reform Act (CBMTRA) was reintroduced in the U.S. Senate last week. Association leaders agree that the legislation removes regulatory barriers and creates a more fair and equitable tax structure for beverage alcohol producers and their consumers.
It’s no surprise that there are new changes to the California ABC Act. The newest batch of changes range from being welcomed by the industry to undesirable. See an overview of the new changes affecting alcohol producers and their consequences.
In the latest TTB newsletter, you can get a glimpse of their 2019 trade practice seminars. TTB puts on half-day seminars geared towards alcohol beverage industry members and their representatives. You can count on officials from the applicable state regulatory agencies to be there to talk about trade practice and enforcement from their state’s perspective.
Colorado happens to have one of the most complex sales tax systems. There are only a few other states that allow localities to administer local sales taxes and it’s the only state where sales tax base in self-administered jurisdictions can differ substantially from the state sales tax base. See what Senate Bill 130 would do to simplify these complexities.