Posts from the North Carolina Category
Is the Marketplace Fairness Act Fair for Wineries?
In short, yes, for a couple of reasons: 1. Wineries already pay sales tax in most states 2. The vast majority of wineries will likely be exempt from the law So what is it, exactly? Senate Bill S. 743, more commonly known as the “Marketplace Fairness Act“, is a pretty simple bill that would give [...]
May 7th, 2013
Hidden Costs of Direct Shipping Licensing
Before jumping into a direct shipping program in a new state, wineries should consider their current prospect list, market potential, shipping difficulty and costs. When it comes to calculating start-up costs to enter a new state, there is often more than meets the eye. In addition to license fees, wineries may need to budget for [...]
March 3rd, 2010
Excise Taxes Rise in Two Direct Shipping States
On September 1, 2009, excise tax rates for wine will increase in Illinois and North Carolina. Governor Pat Quinn approved Illinois House Bill 255 on July 13, 2009. The bill increases Illinois’ excise tax on wines from $0.73 to $1.39 per gallon of wine under 20% ABV. An updated tax form for Direct Wine Shippers [...]
August 14th, 2009
Sales tax rate decrease in North Carolina
From the North Carolina DOR notice The North Carolina General Assembly enacted legislation that reduces the general State rate of sales and use tax from 4.5% to 4.25% effective December 1, 2006 and from 4.25% to 4% effective July 1, 2007. Therefore, effective December 1, 2007 2006 the general State rate of sales and use [...]
November 27th, 2006
Clarifications on Direct Shipping Laws
The enforcement and interpretation of various state laws for Direct-to-Consumer wine shipments continue to evolve. Following are three recent updates that wineries should be aware of. Connecticut: Wineries of any size are eligible to apply for an Out-of- State Shippers Permit in CT. The cost of the permit is $250 and there is a $100 [...]
