|
This bill provides
a one-year waiver of the renewal fee for restaurants and other entities
seeking to renew a license to sell beer, wine, or spirits for on-premises
consumption. No exact start date of the one-year waiver period is specified,
as it will begin on the effective date of this emergency bill. The Bureau of
Alcoholic Beverages and Lottery Operations within the Department of
Administrative and Financial Services estimates that this temporary renewal
fee exemption will result in a General Fund revenue loss of $541,865 in
fiscal year 2020-21 and $1,625,594 in fiscal year 2021-22. This estimate uses
an average revenue from license fees for fiscal years 2015-2020 and
distributes the revenue loss across the last 3 months of fiscal year 2020-21
and the first 9 months of fiscal year 2021-22. That assumes that the bill is
enacted as an emergency measure in time to impact the last three months of
fiscal year 2020-21. Any delay in the start date will shift a proportional
amount of revenue loss out of fiscal year 2020-21 and into fiscal year
2021-22. The amount of revenue loss in each year will need to be adjusted to
reflect the actual effective date of implementation when it becomes
known. |