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 deposited as follows:
  1  6    a.  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 11    b.  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 deposited in 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