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NM HB179

NM HB179
Liquor Tax Changes & Uses


summary

Introduced
01/18/2024
In Committee
01/30/2024
Crossed Over
Passed
Dead
01/30/2024

Introduced Session

2024 Regular Session

Bill Summary

Liquor Tax Changes & Uses

AI Summary

This bill proposes to amend the existing liquor tax law by increasing the tax rate on certain types of alcoholic beverages, while also allocating a portion of the additional tax revenue to fund public health initiatives and alcohol abuse treatment programs. Specifically, the bill calls for a higher tax on liquor and wine, while maintaining the current tax rate on beer. The increased tax revenue generated from these changes will be used to support substance abuse prevention, education, and rehabilitation services, as well as to promote public health awareness campaigns related to the responsible consumption of alcohol.

Committee Categories

Health and Social Services

Sponsors (5)

Last Action

House Taxation & Revenue Committee (08:30:00 2/9/2024 Room 317) (on 02/09/2024)

bill text


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