59-15-109 (Effective 07/01/11) - Tax money to be paid to state treasurer.
59-15-109 (Effective 07/01/11). Tax money to be paid to state treasurer.
(1) Taxes collected under this chapter shall be paid by the commission to the statetreasurer daily for deposit as follows:
(a) the greater of the following shall be deposited into the Alcoholic BeverageEnforcement and Treatment Restricted Account created in Section 32B-2-403:
(i) 40% of the revenue collected for the fiscal year two years preceding the fiscal year forwhich the deposit is made; or
(ii) $4,350,000; and
(b) the revenue collected in excess of the amount deposited in accordance withSubsection (1)(a) shall be deposited into the General Fund.
(2) (a) The commission shall notify the entities described in Subsection (2)(b) not laterthan the September 1 preceding the fiscal year of the deposit of:
(i) the amount of the proceeds of the beer excise tax collected in accordance with thissection for the fiscal year two years preceding the fiscal year of deposit; and
(ii) an amount equal to 40% of the amount listed in Subsection (2)(a)(i).
(b) The notification required by Subsection (2)(a) shall be sent to:
(i) the Governor's Office of Planning and Budget; and
(ii) the Legislative Fiscal Analyst.
Amended by Chapter 276, 2010 General Session