The Licensed Beverage Dealers of South Dakota (LBDSD), formerly the South Dakota Retail Liquor Dealers Association, is a non-profit trade association governed by an executive board and district board of directors. Our primary function is serving and protecting YOU, the retail liquor licensee.
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American Beverage Licensees
Beverage Alcohol Retailers Applaud Passage
of Death Tax Repeal Act
Bipartisan bill passes House 240-179; ABL urges action
on Senate Legislation
April 16, 2015 - Bethesda, MD - America's beer, wine and spirits retailers applauded the passage today of the Death Tax Repeal Act of 2015 (H.R. 1105) by the U.S. House of Representatives. The bill, which was introduced by Representative Kevin Brady (R-TX) in March, will fully repeal the federal Estate Tax, also known as the Death Tax. The legislation passed by a margin of 240 - 179, with 7 Democratic members voting in favor, three Republicans voting against, and 12 members not voting. This marks the first time in ten years that the full House has voted on repealing the Estate Tax.
"Full repeal of the Estate Tax has been a longstanding objective for ABL and its members, and today's vote moves us a step closer to that goal," said ABL Executive Director John Bodnovich. "We thank the House for its strong support of this bill, and urge the Senate to pass legislation to protect American family-owned businesses."
A Senate companion bill to the Death Tax Repeal Act, S. 860, was introduced on March 25 by Senator John Thune (R-S.D.) and currently has 30 co-sponsors. It awaits action in the Senate Finance Committee.
Many of America's bars, taverns and package stores are multi-generational businesses with strong ties to their communities. The Estate Tax puts these small businesses in jeopardy every year as their value is connected to illiquid assets such as land, buildings and equipment. Heirs are often forced to sell these assets to pay the tax, effectively dismantling local small-businesses across the nation. That's why beer, wine and spirits retailers believe that the best solution to protect these businesses is the full repeal of the Estate Tax.
"A big thank you goes to all the ABL members who took the time to contact members of Congress and share their experiences with the Estate Tax," said Bodnovich. "Today's vote was a victory for small, independent businesses, and a testament to the power of beverage alcohol retailers' grassroots advocacy."
ABL encourages its members to thank the Representatives who stood up for family-owned beverage businesses. See how your Representative voted here. An "AYE" vote supported American Beverage Licensees' position.
American Beverage Licensees is the preeminent national trade association for beverage alcohol retailers. Establishments that sell beverage alcohol in the United States employ as many as 1.4 million people with well-paying jobs. Most of its on-premise and off-premise licensee members are independent and often family-owned operators. These small business owners are part of an industry that pays over $16.3 billion in federal taxes and $14.7 billion in state and local taxes. To learn more about ABL, visit www.ablusa.org.
Johnson Brothers Liquor Company
2015-2016 Academic Year
Application Deadline: May 1, 2015
The Johnson Brothers Liquor Company scholarship program provides financial assistance to graduating high school seniors from Iowa, Minnesota, North Dakota, and South Dakota in order for them to continue their education at a college, university or licensed trade or vocational school in the United States. Multiple scholarships are usually awarded annually. Amounts and number of awards vary year to year. Scholarships for the 2015-2016 academic year will range from $5000 to $8000. Applications are available here: DOC format (for emailing the form) and PDF format (for regular mailing)