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Members Gain Relief from SOT Tax
The suspension of the Special Occupational Tax
(SOT) will allow every liquor licenses holder
in SD to see a $750 savings over the next three
years. For many of you that is considerably more
that the cost of a membership to the Association.
We are proud to say that members across the state
and nation have made a significant difference!
Many thanks to everyone who made phone calls
and communicated to Senators Daschle and Johnson
asking for support to including a suspension of
the Special Occupational Tax in the Jumpstart
Our American Business (JOBS).
President Bush signed the Jumpstart Our Business
Strength Bill (HR 4250) on Friday, October 22.
Under the bill's language, the collection of the
tax would be suspended from July 1, 2005 through
June 30, 2008.
Again, congratulations go out to the many LBDSD
members and ABL states that made it a top priority
to communicate to legislators about the importance
of SOT suspension. It is clear that those contacts
made a difference in the inclusion of this tax
relief in the final version of the legislation.
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