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This section examines economic underpinnings of alcohol excise taxes for revenue and corrective purposes. An increase in an alcohol tax has several effects. First, the tax is passed-through to retail prices and pass-through rates can be greater or less than 100%. Estimates for pass-through rates are available by beverage for selected countries.
The increases mean the price of a bottle of gin will rise by 32p while wine at 14.5% ABV (alcohol by volume) will increase by 54p. Alcohol prices rising as higher tax and duties take effect Skip ...
The Department of Revenue reported collecting more than $211 million in taxes on spirits in 2024. The Liquor and Cannabis Board reported collecting more than $197 million in fees on spirits, which ...
Four grocery chain stores in the county have grandfathered alcohol licenses. [34] The regulatory agency is Montgomery County Alcohol Beverage Services (ABS). Dorchester County was an alcohol control county until 2008, when the County Council voted to permanently close the county-owned liquor dispensaries, with subsequent change in the state law ...
With a liquor tax rate around $35 per gallon, its liquor tax is about 50% higher than in Oregon, which has the next highest rate. [7] In Washington, retailers may bypass distributors by purchasing directly from producers, may negotiate volume discounts, and may warehouse their inventory themselves.
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CHICAGO — Chicago bar and restaurant owners joined the opposition to Mayor Brandon Johnson’s 2025 budget plan Wednesday, saying the 35% tax hike he wants on liquor sales would be ruinous to ...
Such taxes are often imposed at a uniform rate so they will make up a greater proportion of the final price of cheaper brands, compared to the higher-quality products generally consumed by the wealthy. For example, "people in the bottom income quintile spend a 78% larger share of their income on alcohol taxes than people in the top quintile."