New York S04139 increases alcohol taxes and allocates all collected taxes to the general fund.

New York S04139 amends the tax law to increase taxes on various alcoholic beverages, including beers, still wines, artificially carbonated sparkling wines, natural sparkling wines, and other liquors. The bill specifies new tax rates for these categories. Additionally, it mandates that 100% of the taxes, interest, penalties, and fees collected be allocated to the general fund. The tax rates are set to adjust annually based on the consumer price index. The bill also includes provisions for tax exemptions and special sales permissions for certain entities.

New York S04139 increases alcohol taxes and allocates all collected taxes to the general fund.

New York S04139 amends the tax law to increase taxes on various alcoholic beverages, including beers, still wines, artificially carbonated sparkling wines, natural sparkling wines, and other liquors. The bill specifies new tax rates for these categories. Additionally, it mandates that 100% of the taxes, interest, penalties, and fees collected be allocated to the general fund. The tax rates are set to adjust annually based on the consumer price index. The bill also includes provisions for tax exemptions and special sales permissions for certain entities.