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Thursday, November 7, 2024

New Mexico collects $1.70 per gallon in wine taxes

Winetax

Pexels.com

Pexels.com

The wine excise tax in New Mexico amounts to $1.70 per gallon, according to a Tax Foundation study based on January 2019 data.

The state’s effective excise tax on a gallon of wine in New Mexico ranked in a tie for fifth highest among the 50 states, the Tax Foundation study found.

Most states levy wine taxes based on volume, but other states impose other types of taxation. Minnesota places per-bottle fees that vary based on size. However states write up their rules on wine taxation, vendors pass along such costs to the consumer, the foundation says.

Mississippi, New Hampshire, Pennsylvania, Utah and Wyoming are the only states that have put in place government monopolies on the sale of beer, wine and other alcoholic beverages, according to the study. 

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Wine Excise Taxes by State

RankStateWine Excise Tax per Gallon
1Kentucky$3.26
2Alaska$2.50
3Florida$2.25
4Iowa$1.75
5 (tie)Alabama$1.70
5 (tie)New Mexico$1.70
7Delaware$1.63
8 (tie)Georgia$1.51
8 (tie)Virginia$1.51
10Arkansas$1.44
11Maryland$1.43
12Rhode Island$1.40
13Illinois$1.39
14Hawaii$1.38
15South Dakota$1.31
16Tennessee$1.27
17Minnesota$1.20
18South Carolina$1.08
19Montana$1.06
20West Virginia$1.00
21North Carolina$1.00
22North Dakota$0.98
23Nebraska$0.95
24New Jersey$0.88
25Washington$0.87
26Arizona$0.84
27Louisiana$0.76
28 (tie)Oklahoma$0.72
28 (tie)Connecticut$0.72
30Nevada$0.70
31Oregon$0.67
32Maine$0.60
33 (tie)Vermont$0.55
33 (tie)Massachusetts$0.55
35Michigan$0.51
36Indiana$0.47
37Idaho$0.45
38Missouri$0.42
39Ohio$0.32
40Colorado$0.32
41 (tie)New Hampshire$0.30
41 (tie)Kansas$0.30
41 (tie)New York$0.30
43Wisconsin$0.25
44Texas$0.20
45California$0.20
46Mississippi$0.00
46Utah$0.00
46Pennsylvania$0.00
46Wyoming$0.00
Source: Tax Foundation

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