Orange County NC Website
` ^ <br /> ' | <br /> ^ ' <br /> . � <br /> SUGGESTED EXCISE TAX REDISTRIBUTION ^ . | <br /> County State Wayne <br /> . <br /> Increase mueuue <br /> Now Proposed Decrease Now Proposed Decrease <br /> Reduce Liquor Excise Tax 28% 71.000.000 10% 25,357,143 -45,642,857 710.008 (1) 253.571 (2) -458.428 | <br /> Eliminate Bailment 1,80X0,000 O -1.800000 U 25�000 (3) 25.080 <br /> / <br /> Profit on Liquor O O 250000 /4\ 706.428 (5) 456.420 <br /> 80 Excise on Beer Can/Bottle <br /> 203,162 A \ 203,162 O �4.0UO.0UU 94.080.080 U <br /> ABC Commission Budget U 2,000,000 2800000 <br /> 96,000,000 96,000,000 <br /> 60 Excise Wine Bottle 0 2.817.246 2.617.246 U 27.458 (7) 27.458 <br /> Fees From Renewable Permits 2.325.725 5.247.500 2.921.775 <br /> 75.125.725 129221.889 54.886.184 880.000 1.215,620 255.820 <br /> (1) State Excise Tax"Nom/ times 196 <br /> (2) State Excise Tax times 1% <br /> (3) Bailment Surcharge retained <br /> (4) Current Profit from sales <br /> (5) Projected PnfituvdhreducadExcismTuxes <br /> (6) Projected return of ExchseTax from increase in Beer Tax <br /> (7) Projected return of Excise Tax from increase in Wine Tax <br /> °23,75% is distributed back tolocalities °~ G296unfod|hed & 22% fortified collections distributed back tulocalities +^ <br /> Revised 3/18/86 = <br />