REPEAL LIQUOR TAXES

HB 460 would repeal New Mexico's Liquor Excise Tax Act, the Distributions of Liquor Excise Tax Act, and the Local DWI Grant Program Act. This bill removes liquor excise taxes from the state's tax code, directly affecting liquor license holders (who would no longer pay this tax) and the state's revenue system. Key mechanisms include amending tax administration laws to delete liquor taxes from required payment lists and eliminating requirements for license transfers/renewals tied to liquor tax compliance. The bill also removes a $50 annual fee for direct wine shipments previously linked to liquor taxes. This is a straightforward repeal of specific tax provisions, not a broader tax reform.