Senate File 486 - Introduced SENATE FILE BY COMMITTEE ON STATE GOVERNMENT (SUCCESSOR TO SSB 1323) Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act concerning distribution of revenue from the wine gallonage 2 tax on wine imported into this state. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 2826SV 82 5 ec/gg/14 PAG LIN 1 1 Section 1. Section 123.183, subsection 3, Code 2007, is 1 2 amended to read as follows: 1 3 3. The revenue collected from the wine gallonage tax on 1 4 wine imported into this state for sale at wholesale and sold 1 5 in this state at wholesale shall be depositedas follows:1 6a. Five percent of the revenue collected from the wine 1 7 gallonage tax on wine imported into this state for sale at 1 8 wholesale and sold in this state at wholesale shall be 1 9 deposited in the grape and wine development fund as created in 1 10 section 175A.5.1 11b. The remaining revenue collected from the wine gallonage 1 12 tax on wine imported into this state for sale at wholesale and 1 13 sold in this state at wholesale shall be depositedin the beer 1 14 and liquor control fund created in section 123.53. 1 15 Sec. 2. Section 175A.5, subsection 1, Code 2007, is 1 16 amended to read as follows: 1 17 1. A grape and wine development fund is created in the 1 18 state treasury under the control of the department. The fund 1 19 is composed of moneys appropriated by the general assembly and 1 20 moneys available to and obtained or accepted by the department 1 21 from the United States or private sources for placement in the 1 22 fund.The fund shall include moneys deposited into the fund 1 23 from the wine gallonage tax as provided in section 123.183.1 24 EXPLANATION 1 25 This bill provides that all revenue collected from the wine 1 26 gallonage tax on wine imported into this state for sale at 1 27 wholesale shall be deposited in the beer and liquor control 1 28 fund. Current law, stricken by the bill, provides that five 1 29 percent of revenue collected shall be deposited into the grape 1 30 and wine development fund. 1 31 LSB 2826SV 82 1 32 ec:nh/gg/14