Bill > SB217

This bill, effective July 1, 2026, makes several changes to liquor taxation in New Mexico, including establishing a new "tribal alcohol harms alleviation fund" to address issues related to alcohol consumption within tribal communities, which will be funded by revenue from a newly imposed liquor excise surtax. This surtax, set at three percent, will be levied on retailers who sell alcoholic beverages not for resale, starting July 1, 2027. Additionally, the bill clarifies that taxes imposed under the Liquor Excise Tax Act will not be considered "gross receipts" for the purposes of the Gross Receipts and Compensating Tax Act, meaning these liquor taxes will not be taxed again under that broader tax law. The bill also amends definitions within the Liquor Excise Tax Act, such as adding a definition for "barrel" and "retailer," and makes technical adjustments to how existing liquor excise taxes are distributed and administered, including for direct wine shipments.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=217&year=26