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37 <br />SUMMARY <br />► MORE EQUITABLE <br />ABC BOARDS BENEFIT <br />► INCREASED STATE /COUNTY <br />REVENUES <br />MORE EQUITABLE: NO STATE EXCISE TAX LCREASE ON BEER & WINE SINCE <br />1969. <br />AS LAST TWO SLIDES DEMONSTRATE, GROSS DISPARITY <br />IN TAX RATE CURRENTLY EXISTS. <br />SINCE 1982 LOCAL ABC BOARDS HAVE COMPLETELY <br />FUNDED THE STATE ABC COMMISSION ($1.8M ANNUAL) <br />WHILE 85% OF STATE COMMISSIONS WORKLOAD IS IN THE <br />AREAS OF BEER AND WINE. <br />LOCAL ABC BOARDS BENEFIT: 50% DECREASE IN EXCISE TAX WILL BE USED TO <br />FUND MUCH NEEDED STORE CONSTRUCTION, EQUIPMENT REPLACEMENT, AND <br />OTHER CAPITAL RAPROVEMENTS. EXCESS DOLLARS WILL GO TO COUNTY <br />DISTRIBUTION ON A SEMI- ANNUAL BASIS. <br />LVCREASE STATE & COUNTY REVENUES: UNDER THIS PROPOSAL, STATE <br />REVENUES WILL INCREASE > 61% WHILE THE COUNTIES WILL REALIZE AN <br />INCREASE OF > 27 %. <br />THIS IS CLEARLY A WIN - WIN PROPOSAL FOR THE STATE AND LOCAL <br />GOVERNMENTS. HOWEVER, IT IS OBVIOUS THAT THE COST WILL BE BORN BY <br />THE BEER AND VINE INDUSTRY. THERE IS NO DOUBT THEY WILL GENERATE <br />CONSIDERABLE ENERGY TO STOP ANY LEGISLATION OF THIS NATURE. I BELIEVE <br />WE HAVE DEMONSTRATED A FAIR AND EQUITABLE SOLUTION TO A DIFFICULT <br />SITUATION. I HOPE WE CAN COUNT ON YOUR SUPPORT. SUBJECT TO YOUR <br />QUESTIONS, THIS CONCLUDES MY PRESENTATION. THANK YOU. <br />