Bill > S05694

This bill proposes to increase the tax on various types of alcoholic beverages, including beer, wine, and liquor. The tax on beer would increase from 14 cents to 24 cents per gallon, the tax on still wines would increase from 30 cents to 51 cents per gallon, and the tax on liquors would increase from 67 cents to $1.23 per liter (for liquors containing not more than 24% alcohol by volume). Additionally, the bill stipulates that 100% of the taxes, interest, penalties, and fees collected under these provisions will be allocated to the general fund. The bill also includes a provision for automatically adjusting the tax rates annually based on changes in the Consumer Price Index (CPI-U), with the stipulation that any increase greater than 10% would require the promulgation of regulations to specify the methodology for determining the applicable goods and inventory.