SB 765
Allowing retail liquor outlets discount certain liquor below minimum markup
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill would allow retail liquor stores in West Virginia to discount certain liquor products that have been sitting in their inventory for over two years – often referred to as ‘stagnant liquor’ – below the minimum markup required by state law. To do so, retailers must document the product’s age and obtain approval from the Commissioner of Liquor Control. This change aims to reduce waste and generate additional revenue for the state.
Key provisions
- Retail liquor outlets can discount stagnant liquor (not sold in over two years) to certain customers.
- Retailers must document the age of the stagnant liquor with a purchase date and invoice.
- The Commissioner of Liquor Control must approve the discount.
- The discount for customers licensed under specific alcohol regulations (e.g., bars) is 85% of the retailer’s cost.
- The discount for the general public is 90% of the retailer’s cost.
- The bill addresses wholesale prices and revenue sharing for alcohol sales.
- Retailers must purchase wine from licensed wine distributors.
- Liquor storage must occur at the retail outlet or with commissioner approval.
Who is affected
- Retail liquor outlets
- Customers purchasing alcohol
- The Commissioner of Liquor Control
- The State of West Virginia (through revenue generation)
Notable changes
- Allows for discounts on previously unsellable liquor.
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