The House Taxation and Revenue Committee will discuss both HB-179 and HB-213 at 8:30 AM MST on Wednesday, February 7. Both bills aim to increase taxes on alcohol; but while HB-179 increases taxes dramatically, HB-213 reserves its greatest increases for higher priced alcohol. As we reported previously, HB-213 changes the liquor excise tax from a wholesale transaction to one Read more…
House Bill 179, which received its first hearing on January 29, 2024 in the House Health and Human Services Committee, would raise alcohol excise taxes on beer and cider 651 percent by increasing the current 41 cents-per-gallon tax to $3.08 per gallon. Taxes on wine and spirits would increase 376 Read more…
The editorial board of the Albuquerque Journal said it best in its editorial summary of January 13, 2024: “New alcohol taxes would result in higher prices for consumers, which could be detrimental to the restaurant and hospitality industry, with patrons visiting less frequently or deciding to stay home and entertain.” Read more…