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37 <br />SUMMARY <br />A 1 - A <br />- MORE EQUITABLE <br />- ABC BOARDS BENEFIT <br />- INCREASED STATE/COUNTY <br />REVENUE S <br />MORE EQUITABLE: NO STATE EXCISE TA.X INCREASE ON BEER & Wl~'E SINCE <br />1969. <br />AS LAST TWO SLIDES DEMONSTRATE, GROSS DISPARITY <br />IN TAX RATE CL~2.RENTLY EXISTS. <br />SINCE 1982 LOCAL ABC BOARDS HAVE COMPLETELY <br />FUNDED THE STATE ABC COMIvIISSION ($1.8M ANMJAL) <br />`VHII,E 85% OF STATE COMMISSIONS WORKLOAD IS IN THE <br />AREAS OF BEER AND WIIv'E. <br />LOCAL ABC BOARDS BIIVEFIT: 50% DECREASE IN EXCISE TAX WILL BE USED TO <br />FUND MUCH NEEDED STORE CONSTRUCTION, EQUIPMENT REPLACEMENT, AND <br />OTHER CAPITAL Il~ROVEMENTS. EXCESS DOLLARS WILL GO TO COUNTY <br />DISTRIBUTION ON A SEMI-A.NNtJAL BASIS. <br />LNCREASE STATE 8t COLTNIY REVENUES: UNDER THIS PROPOSAL, STATE <br />REVENtES WILL INCREASE > 61% WHILE THE COUNTIES WILL REALIZE AN <br />INCREASE OF > 27%. <br />THIS IS CLEARLY AWIN -WIN PROPOSAL FOR THE STATE AND LOCAL <br />GOVERNMENTS. HOWEVER, IT IS OBVIOUS THAT THE COST WILL BE BORN BY <br />T"rIE BEER AND WLNE II~TDUSTRY. THERE IS NO DOUBT THEY WILL GENERATE <br />CONSIDERABLE ENERGY TO STOP ANY LEGISLATION OF THIS NATURE. I BELIEVE <br />W-E 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 CONCT.UDES MY PRESENTATION. THANK YOU. <br />