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Alabama Legislators vote to raise taxes
Posted on 5/4/24 at 4:07 pm
Posted on 5/4/24 at 4:07 pm
Hopefully Auntie Kay-Kay ain’t going to sign this.
The bill essentially argues that by raising taxes on consumers it’s going to help “other businesses compete”. Liquor at ABC stores will still be cheaper. The only reasons people go to non-ABC stores is because of location, convenience and hours (ABC open 10-7, closed on Sunday).
If Alabama was truly about allowing other businesses to compete, they would allow grocery stores to sell liquor like they do in Louisiana and Florida.
LINK
quote:
SB309 makes the additional sales tax rate at alcohol sold at ABC stores equal to the combined county and municipal general sales tax rate where the purchase is made. The additional sales tax rate is currently 2 percent at ABC stores. The bill’s sponsors and backers said the legislation makes it easier for independently owned liquor stores to compete with ABC stores. SB309 passed the Alabama House of Representatives on Thursday by a vote of 85-8 with four abstentions. The passed the Alabama Senate by a vote of 29-1 on April 25.
quote:
Gov. Kay Ivey’s office could not immediately be reached for comment on whether she intends to sign the legislation, which was sent to her desk on Thursday.
4
Posted on 5/4/24 at 4:09 pm to lsusa
The freaking ABC board needs to be abolished yesterday. The ultimate waist in tax payer money.
Posted on 5/4/24 at 4:15 pm to Rolek
quote:
The freaking ABC board needs to be abolished yesterday. The ultimate waist in tax payer money.
That’s absolutely not true. The ABC Board makes a ton of money for the state of Alabama.
Now, if you want to argue it’s anti-competitive and ultimately not good for consumers, fine.
Posted on 5/4/24 at 4:19 pm to lsusa
Shocked BamaCoaster isn't all up in this thread. Dude HATES some ABC!
Posted on 5/4/24 at 4:23 pm to lsusa
quote:
That’s absolutely not true. The ABC Board makes a ton of money for the state of Alabama.
It may be in the black and creating revenue but you have to ask yourself where does the money actually go. They claim if the lottery bill is passed, 100% of revenue would go to education. Does anyone actually believe this?
This post was edited on 5/4/24 at 4:25 pm
Posted on 5/4/24 at 4:27 pm to lsusa
Still no legalized sports betting. SMH
Tabled for another year. frick Alabama
Tabled for another year. frick Alabama
Posted on 5/4/24 at 4:42 pm to Rolek
quote:
The ultimate waist in tax payer money
I'm all for trimming government fat
Posted on 5/4/24 at 5:01 pm to chili pup
quote:
That’s absolutely not true. The ABC Board makes a ton of money for the state of Alabama.
quote:
It may be in the black and creating revenue but you have to ask yourself where does the money actually go. They claim if the lottery bill is passed, 100% of revenue would go to education. Does anyone actually believe this?
According to the info below, the money goes into the general fund.
As far as the lottery goes in Alabama, I do believe that the revenue would go to education…as I think that most others do,
your hyperbole aside.
What folks question is would that money truly supplement the current educational funding and create a program like TOPS that Louisiana has for Alabama, or would the legislators and governors use that to replace existing sources of funding so they can otherwise access them. You may remember that a year ago, Aunt Kay-Kay included a budge request that would have pulled $25 million for the ETF to build a water park in Montgomery.
quote:
ABC Fiscal Year (FY) 2021 gross revenues for retail, wholesale and military liquor sales was $674.4 million while FY 2020 gross revenues were $596.1 million which resulted in a retail sales increase of $78.3 million. FY 2020 compared to FY 2019 gross revenues increased $64.9 million. The additional revenue from increased alcoholic beverage sales in the state of Alabama also added millions more dollars to the state’s General Fund, state agencies, local and county governments and more. The distribution of revenues below reflects an increase of $39.8 million. The previous yearly distribution of revenues (FY 2019 to FY 2020) increased by $28 million. Figures below represent millions of dollars. FY 2020 FY 2021 General Fund $113.5 $133.6 Dept. of Human Resources $72.4 $82.2 Dept. of Mental Health $53.3 $60.8 Education Trust Fund $22 $23.7 Department of Revenue $19.9 $21 Cities and Counties $15.7 $15.3 Alabama Law Enforcement Agency $16.8 $16.8 Total Resources Distributed $313.6 $353.4
[quote]LINK ]
Posted on 5/4/24 at 7:07 pm to lsusa
Every last one of those businesses has to purchase their inventory from the abc store. How are you leveling the playing field if you just jacked up their tax rate??
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