Deductions for Certain Losses of Alcoholic Beverages

Summary

The law lets Florida distributors of wine, spirits and malt drinks subtract a small percentage of their excise tax for products that become unsellable because of breakage, spoliation, evaporation, expiration or being unfit for consumption. It also creates a separate process for larger, “extraordinary” losses caused by accidents, natural events or recalls, requiring notification and proof. The changes aim to reflect real losses and prevent distributors from claiming tax credits twice.

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