Florida S0678 allows deductions for unsalable alcoholic beverages due to breakage, spoliation, evaporation, or expiration.

Florida S0678 creates a new section in the Florida Statutes to allow deductions against excise taxes for unsalable alcoholic beverages. Distributors of vinous, spirituous, or malted beverages can deduct a percentage of gross tax for alcoholic beverages that have become unsalable through breakage, spoliation, evaporation, or expiration. The deduction percentages are 0.49% for vinous sales, 0.15% for spirituous beverage sales, and 0.20% or actual breakage/spoliation for malt beverage sales.

Florida S0678 allows deductions for unsalable alcoholic beverages due to breakage, spoliation, evaporation, or expiration.

Florida S0678 creates a new section in the Florida Statutes to allow deductions against excise taxes for unsalable alcoholic beverages. Distributors of vinous, spirituous, or malted beverages can deduct a percentage of gross tax for alcoholic beverages that have become unsalable through breakage, spoliation, evaporation, or expiration. The deduction percentages are 0.49% for vinous sales, 0.15% for spirituous beverage sales, and 0.20% or actual breakage/spoliation for malt beverage sales.