LIQUOR TAX RATES

SB 378 amends New Mexico's Liquor Excise Tax Act to increase tax rates on alcoholic beverages sold in the state. It raises standard beer tax from $0.41 to $0.49 per gallon, wine from $0.45 to $0.54 per liter, and spirits from $1.60 to $1.92 per liter. The bill maintains tiered rates for microbrewers (e.g., $0.08/gallon for first 30,000 barrels) and small winegrowers (e.g., $0.10/liter for first 80,000 liters), while adjusting craft distiller rates based on alcohol content. These changes apply to wholesalers and producers starting July 1, 2025, and clarify tax liability during wine transfers between producers and distributors.