A BILL TO BE ENTITLED
AN ACT to adjust the excise tax on spirituous liquor based on the alcoholic beverage content of the SPIRITUOUS liquor being taxed.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑113.80(c) reads as rewritten:
"(c)	Liquor. – An excise tax is levied on liquor sold in ABC stores. An excise tax of twenty‑five percent (25%) is levied on liquor with an alcoholic beverage content of forty percent (40%) or less alcohol by volume. An excise tax of thirty‑five percent (35%) is levied on liquor with an alcoholic beverage content of forty‑one percent (41%) alcohol by volume to seventy‑nine percent (79%) alcohol by volume. An excise tax of fifty percent (50%) is levied on liquor with an alcoholic beverage content of eighty percent (80%) or more alcohol by volume. Pursuant to G.S. 18B‑804(b), the price of liquor on which this tax is computed is the distiller's price plus (i) the State ABC warehouse freight and bailment charges, and (ii) a markup for local ABC boards."
SECTION 2.  This act becomes effective July 1, 2007.