Saturday, January 11, 2020

Raise the New York beer tax, suggests Brooklyn DEM Harvey Epstein.


It may be one of the few taxes in which New York state’s bite doesn’t rank among the nation’s highest.

Now, some New York City lawmakers want to more than double the state’s beer excise tax to provide more money for the State University of New York system.

The excise tax, paid by beer distributors, is currently 14 cents per gallon. Bills introduced ahead of the upcoming State Legislature session would raise that to 30 cents per gallon (that matches the state’s current excise tax on wine).
[.]
The Assembly sponsor of the bill, Brooklyn Democrat Harvey Epstein, estimates the increased beer tax would boost the state’s revenues from about $45 million to $96 million per year.
[.]
[Said Paul Leone, executive director of the New York State Brewers Association], “It doesn’t make sense to increase the tax on a successful industry that is still growing to support another." [...] “This tax on business will absolutely cost jobs and slow the industry,” he said.
Harvey's Web site. You can contact him there AND join his email list (...and who wouldn't want to hear from Harvey on a regular basis?) I'm sure his email newsletters make for fascinating reading.

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