HB230 Would Raise Liquor Excise Taxes As Much As 250-550 Percent
According to comments made by the New Mexico Tax & Revenue Department in a Fiscal Impact Report, HB230 contains significant issues, including “substantial” increases in liquor excise taxes that risk diverting consumers to out-of-state and online purchases and adding unnecessary complexity to the tax code and tax compliance. HB230, introduced Read more…