Bill > SB259

This bill proposes changes to the liquor excise tax rates and distribution of the tax revenue in New Mexico. The key provisions are: 1. The liquor excise tax rate will be set at a flat 25 cents per serving for different types of alcoholic beverages from July 1, 2023 to June 30, 2027. After that, the rates will be adjusted annually based on the consumer price index. 2. The distribution of the liquor excise tax revenue will be changed, with 86.25% going to a new "Alcohol Harms Alleviation Fund" to be used for alcohol-related prevention, treatment, and support services. The remaining funds will be distributed to the local DWI grant fund, a specific municipality, and the drug court fund. 3. The bill also appropriates $200,000 to the Department of Finance and Administration to contract for services to coordinate proposals for the expenditure of funds from the Alcohol Harms Alleviation Fund.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=259&year=23