A bill to amend the Internal Revenue Code of 1986 to reduce the occupational tax on small retail liquor and beer dealers, and for other purposes.

Amends the Internal Revenue Code to reduce the occupational tax from $250 to $100 for retail dealers in liquors and in beer.

Limits assessments of underpayments with respect to taxable periods beginning before July 1, 1986, in connection with such tax. Abates assessments and refunds overpayments of any post-1987 tax.