North Carolina DOR Publishes Revised Alcoholic Beverage Excise Tax Bulletin

The North Carolina Department of Revenue Nov. 1 published a revised alcoholic beverages tax technical bulletin, for excise tax purposes. The tax is levied on all alcoholic beverages sold in or shipped into the state and on wine sold and shipped by holders of wine shipper permits. The bulletin provides: 1) registration requirements for wine shipper permittees; 2) a requirement for wholesalers, importers, distilleries, and nonresident vendors to file a bond or an irrevocable letter of credit; 3) reporting and record-keeping requirements for taxpayers; 4) a tax of 61.71 cents per gallon on sales of malt beverages, 26.34 cents per ...