|
|
Brand Name |
Product name assigned by the Supplier |
Liquor Code |
Five digit code number assigned by the MLCC that is used to order liquor in Michigan , in the Liquor Price Book, on invoices, etc. |
ADA |
Name of the Authorized Distribution Agent (ADA) that distributes the product |
Vendor |
Name of the product’s supplier |
Type |
Category of liquor that the product falls under, i.e. Gin, Vodka, etc. |
Proof |
Alcoholic Proof of the product |
Bottle Size |
Size of individual containers of the product, in milliliters |
Pack Size |
Number of individual containers in one whole case of the product |
Base Price |
What the State paid for the liquor plus the State’s 65% markup |
Less Licensee Discount |
Discount on the cost of the product allowed to licensees – 17% of Base Price |
Plus Specific Taxes |
The three taxes – each being 4% of the Base Price – that are collected by the Commission and distributed to the General Fund, School Aid Fund, and the Convention Facility Development Fund |
On-Premise Price |
Price per bottle paid by on-premise licensees to the MLCC for purchase of the product |
Plus Off Prem. Tax |
1.85% of Base Price – Distributed to the Liquor Purchase Revolving Fund, transferred to the General Fund, and appropriated by the Legislature – Paid by off-premise licensees only |
Off-Premise Price |
Price per bottle paid by off-premise licensees to the MLCC for purchase of the product |
Plus Licensee Profit |
The amount of profit the licensee makes upon the sale of the product – 17% of Base Price |
Minimum Shelf Price |
The minimum price per bottle, excluding sales tax, paid by the retail consumer to an off-premises licensee |
GTIN(UPC) Code Number 1 |
Global Track Item Number assigned by the supplier |
GTIN(UPC) Code Number 2 |
A second, valid Global Track Item Number, where applicable |
Effective Date |
The date that the above information regarding this product, and the entire file, becomes valid |