summary
Introduced
01/21/2017
01/21/2017
In Committee
01/22/2017
01/22/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; RAISING THE LIQUOR EXCISE TAX RATE FOR CERTAIN TYPES OF ALCOHOLIC BEVERAGES; INDEXING THE RATE TO INFLATION.
AI Summary
This bill raises the liquor excise tax rate for certain types of alcoholic beverages sold in New Mexico. Specifically, it increases the tax rate on spirituous liquors from $1.60 per liter to $7.24 per liter, on beer (except for microbrewed beer) from $0.41 per gallon to $3.08 per gallon, and on wine (except for wine produced by small winegrowers) from $0.45 per liter to $2.14 per liter. The bill also indexes these new tax rates to inflation, to be adjusted every four years based on changes in the consumer price index. The bill takes effect on July 1, 2017.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
[LD 6] HHouse Health (on 01/22/2017)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=398&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/house/HB0398.pdf |
Loading...