Bill > SB314

This bill raises the liquor excise tax rate for certain types of alcoholic beverages, such as spirituous liquors, beer, wine, and cider. It increases the tax rate on spirituous liquors from $1.60 to $7.24 per liter, on beer (except microbrewer beer) from $0.41 to $3.08 per gallon, on wine from $0.45 to $2.14 per liter, and on cider from $0.41 to $3.08 per gallon. The bill also indexes the tax rates to inflation, to be adjusted every four years based on changes in the consumer price index. The new tax rates will take effect on July 1, 2017.

Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=314&year=17