Friday, April 17, 2009

Wine Taxes on the Rise

Starting May 1st, the tax on wine, beer and spirits is set to rise here in New York. As part of the new budget, the NY Times is reporting today that the excise tax on beer sold or made in New York rises to 14 cents per gallon from 11 cents, while the tax on wine sold or made in New York goes to 30 cents a gallon from 18.9 cents a gallon. But don't worry too much. This rise in taxes is actually to be paid by the distributor, brewer or winemaker - meaning that the price you pay for a bottle of vino isn't going to rise that much.

From The Times:

“The way it translates for your average bottle of wine is about two cents a bottle,’’ said Matt Anderson, a spokesman for the New York State Budget Division. “Same for a six-pack of beer, about one or one-and-a-half cents. These are relatively modest increases that won’t have much of an impact on consumers.’’

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