1-1     By:  Cain                                             S.B. No. 1667
 1-2           (In the Senate - Filed March 9, 2001; March 14, 2001, read
 1-3     first time and referred to Committee on Business and Commerce;
 1-4     April 11, 2001, reported favorably by the following vote:  Yeas 6,
 1-5     Nays 0; April 11, 2001, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to records retained for taxation purposes by alcoholic
 1-9     beverage permittees.
1-10           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11           SECTION 1.  Section 206.01, Alcoholic Beverage Code, is
1-12     amended to read as follows:
1-13           Sec. 206.01.  RECORDS.  (a)  A permittee who distills,
1-14     rectifies, manufactures, or receives any liquor shall make and keep
1-15     a record of each day's production or receipt of liquor and the
1-16     amount of tax stamps purchased by the permittee.  A permittee other
1-17     than a retailer shall make and keep a record of each sale of liquor
1-18     and to whom the sale is made.  Each transaction shall be entered on
1-19     the day it occurs.  Permittees shall make and keep any other
1-20     records required by the commission.  All required records shall be
1-21     kept available for inspection by the commission or its authorized
1-22     representatives for at least four years.  All required records may
1-23     be retained in electronic or microfiche formats and may be retained
1-24     on or off the premises of the permittee, consistent with the
1-25     requirements of this section.
1-26           (b)  No person may fail or refuse to make and retain for at
1-27     least four years any record required by this section.
1-28           (c)  No person may fail or refuse to keep any record required
1-29     by this section open for inspection by the commission or its duly
1-30     authorized representatives during reasonable office hours.
1-31           (d)  No person may knowingly, with intent to defraud, make or
1-32     cause to be made any false entry in any record required by this
1-33     section or with like intent, alter or cause to be altered any item
1-34     in one of those records.
1-35           SECTION 2.  This Act take effect September 1, 2001.
1-36                                  * * * * *