Allows retail liquor outlets to discount stagnant liquor below minimum markup.

This bill allows retail liquor outlets to discount liquor that has been stagnant in inventory for over two years below the minimum markup. The discount applies if the outlet can document the purchase date and invoice and receives approval from the commissioner. The bill aims to benefit both the retail liquor outlet and the state by encouraging the sale of older liquor and generating additional sales tax revenue.

Allows retail liquor outlets to discount stagnant liquor below minimum markup.

This bill allows retail liquor outlets to discount liquor that has been stagnant in inventory for over two years below the minimum markup. The discount applies if the outlet can document the purchase date and invoice and receives approval from the commissioner. The bill aims to benefit both the retail liquor outlet and the state by encouraging the sale of older liquor and generating additional sales tax revenue.