Bill > SB252

This bill makes several changes to liquor taxation in New Mexico, including establishing a new "tribal alcohol harms alleviation fund" to address issues related to alcohol use by distributing revenue from a new liquor excise surtax. This surtax, which will be three percent of the price paid for alcoholic beverages, will be imposed on retailers starting July 1, 2027. The bill also amends the definition of "gross receipts" in the Gross Receipts and Compensating Tax Act to exclude taxes imposed by the Liquor Excise Tax Act, meaning these liquor taxes will not be subject to gross receipts tax themselves. Additionally, the bill clarifies definitions within the Liquor Excise Tax Act, such as defining "retailer" and adding a definition for "barrel" as thirty-one gallons, and updates provisions related to the administration and collection of liquor excise taxes, including those for direct wine shipments. The effective date for these changes is July 1, 2026.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=252&year=26