The Economic and Rural Development Policy Committee (ERDC) and the Revenue Stabilization and Tax Policy Committee (RSTP) met on successive days in mid October to discuss liquor excise taxes. The hearings and discussions were a continuation of attempts during the 2024 Legislature to increase alcohol taxes, allocate additional funds to alcohol abuse treatment programs, Read more…
It’s clear that the New Mexico Legislature will continue to address liquor reform during the 60-day legislative session that begins on January 21, 2025. Our sources indicate liquor excise tax discussions will resume where they left off in 2024. The New Mexico Alcohol Alliance has joined other liquor industry leaders Read more…
At the August 20-21 meeting of the Legislative Finance Committee, economists from the Executive and Legislative branches noted that New Mexico’s consistent and large revenue growth over the past decade is slowing down, but legislators will still have a considerable sum of new money available to allocate when they meet Read more…