NM breweries avoid any possible increase in excise taxes

Posted: March 10, 2017 by cjax33 in Beer and Government
Tags:

Good news from the state legislature? What sorcery is this?!

Glorious news from Santa Fe, as House Bill 398, the last remaining piece of legislation aimed at increasing the excise tax on local breweries, wineries, cideries and distilleries, has been tabled in committee. HB398 was squashed by a 5-2 vote in the House Health & Human Services Committee this morning.

The bill seemed to stand little chance of passing after its companion piece, Senate Bill 314, was tabled in committee weeks ago. With the legislature’s website currently offline, further details were not available, but in the end the bill was tabled, and that is all that matters.

A huge thanks to NM Brewers Guild director John Gozigian for sending us the good news.

Hopefully in the waning days of this session, the governor and legislature can agree upon a budget that helps fund New Mexico schools, creates jobs, and protects local business. For now, though, the breweries that are already taxed at twice the national average will not be taxed any further. They will still be able to grow, create jobs, and help our state’s economy beyond simply paying more taxes.

Now we can just get back to enjoying beer and writing about it. That, more than anything, is the best possible way to start our weekend.

Well, that and attending the Steel Bender Brewyard event tonight. Look for our full preview on the newest brewery in the metro area early next week!

Cheers!

— Stoutmeister

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Comments
  1. Desert Chaos says:

    Great news – thanks for keeping us all up to date with it.

    Drove past Steel Bender just an hour or so ago – looking good, can hardly wait to check them out!

    • cjax33 says:

      Going to a special invite-only soft opening for industry folks at Steel Bender today. Will be posting pics on social media, full story next week!

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