Massachusetts S2029 amends the tax on alcoholic beverages to adjust rates and redistribute revenue.

Massachusetts S2029 modifies the tax rates on various alcoholic beverages and redistributes the revenue generated. The bill adjusts the excise tax rates for different types of alcoholic beverages, including cider, still wine, champagne, and other alcoholic beverages. It also mandates the commissioner of revenue to adjust these tax rates for inflation every five years. The revenue collected from these taxes is allocated to public health, wellness, and educational supports, with specific percentages designated for alcohol and drug prevention, treatment, mental health, and other purposes.

Massachusetts S2029 amends the tax on alcoholic beverages to adjust rates and redistribute revenue.

Massachusetts S2029 modifies the tax rates on various alcoholic beverages and redistributes the revenue generated. The bill adjusts the excise tax rates for different types of alcoholic beverages, including cider, still wine, champagne, and other alcoholic beverages. It also mandates the commissioner of revenue to adjust these tax rates for inflation every five years. The revenue collected from these taxes is allocated to public health, wellness, and educational supports, with specific percentages designated for alcohol and drug prevention, treatment, mental health, and other purposes.