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SUGGESTED EXCISt_ , AX REDISTRIBUTION
<br />(1) Slate Excise Tax "Now" times 1%
<br />(2) Slate Excise Tax "Proposed" times 1%
<br />(3) Bailment Surcharge retained
<br />(4) Current Profit from sales
<br />(5) Projected Profit with reduced Excise Taxes
<br />(6) Projected return of Excise Tax from increase in Beer Tax
<br />w
<br />o
<br />(7) Projected return of Excise Tax from increase in Wine Tax
<br />23.75% is distributed back to localities " 62% unforlified & 22% fortified collections distributed back to localities Revised 3/18/96
<br />State
<br />Wayne County
<br />Increase
<br />Increase
<br />Now
<br />Proposed
<br />Decrease
<br />Now
<br />Proposed
<br />Decrease
<br />Reduce Liquor Excise Tax
<br />28% 71,000,000 10%
<br />25,357,143
<br />- 45,642,857
<br />710,000 (1)
<br />253,571
<br />(2)
<br />-456,429
<br />1,800,000
<br />0
<br />- 1,800,000
<br />0
<br />25,000
<br />(3)
<br />25,000
<br />Eliminate Bailment Surcharge
<br />0
<br />250,000 (4)
<br />706,429
<br />(5)
<br />456,429
<br />Profit on Liquor
<br />0
<br />6¢ Excise on Beer Can /Bottle
<br />0
<br />94,000,000
<br />94,000,000 "
<br />0
<br />203,162
<br />(6)
<br />203,162
<br />General Fund
<br />0
<br />2,000,000
<br />2,000,000
<br />ABC Commission Budget
<br />96,000,000
<br />96,000,000
<br />0
<br />2,617,246
<br />2,617,246 "
<br />0
<br />27,458
<br />(7)
<br />27,450
<br />6¢ Excise on Wine Bottle
<br />Fees From Renewable Permits
<br />2,325,725
<br />5,247,500
<br />2,921,775
<br />75,125,725
<br />129,221,889
<br />54,096,164
<br />960,000
<br />1,215,620
<br />255,620
<br />(1) Slate Excise Tax "Now" times 1%
<br />(2) Slate Excise Tax "Proposed" times 1%
<br />(3) Bailment Surcharge retained
<br />(4) Current Profit from sales
<br />(5) Projected Profit with reduced Excise Taxes
<br />(6) Projected return of Excise Tax from increase in Beer Tax
<br />w
<br />o
<br />(7) Projected return of Excise Tax from increase in Wine Tax
<br />23.75% is distributed back to localities " 62% unforlified & 22% fortified collections distributed back to localities Revised 3/18/96
<br />
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