Bill > S04595

This bill increases the excise taxes imposed on alcoholic beverages sold or used within New York State, with specific new rates for beers, still wines, artificially carbonated sparkling wines, natural sparkling wines, and different categories of liquors. For instance, the tax on beer will rise from fourteen cents to sixteen and eight-tenths cents per gallon, and the tax on most liquors will increase from sixty-seven cents to eighty and four-tenths cents per liter. Importantly, twenty percent of all the tax revenue collected from these increased alcoholic beverage taxes will be allocated to the New York State Drug Treatment and Public Education Fund, which is a dedicated fund for drug treatment and public education initiatives. This act takes effect immediately upon its passage.