HB3690 - Tennessee: Alcoholic Beverage Commission, Treasurer, State

Companion Bill SB3863. Alcoholic Beverage Commission - Requires the ABC to deposit all fines, taxes, and fees it collects with the state treasury for the general fund, instead of having such collections earmarked specifically for the ABC's use. - Amends TCA Title 57. Fiscal Summary for HB3690 / *SB3863 Other Fiscal Impact - Shifts all of the fee and tax revenue currently retained by ABC in the ABC Fund to the General Fund. Based upon FY08-09 revenue estimates, approximately $1,926,700 will be shifted from the ABC Fund to the General Fund in FY08-09 and subsequent years. Bill Summary for HB3690 / *SB3863 Present law requires the alcoholic beverage commission to deposit license fees and certain taxes paid by wholesale or retail dealers in alcoholic spirituous beverages, wineries, and on-premises consumption licensees with the state treasurer to be [...]

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