0001|            SENATE WAYS AND MEANS COMMITTEE SUBSTITUTE FOR
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0002|                           SENATE BILL 405
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0003|     43rd legislature - STATE OF NEW MEXICO - second session, 1998
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0004|                                   
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0005|     
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0006|     
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0007|                                   
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0008|     
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0009|                                   
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0010|     
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0011|                                AN ACT
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0012|     RELATING TO THE PUBLIC PEACE, HEALTH, SAFETY AND WELFARE;
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0013|     AMENDING THE LIQUOR EXCISE TAX ACT TO CHANGE THE TAX ON BEER
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0014|     MANUFACTURED OR PRODUCED BY A MICROBREWER AND SOLD IN NEW
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0015|     MEXICO. 
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0016|     
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0017|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0018|          Section 1.  Section 7-17-5 NMSA 1978 (being Laws 1993,
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0019|     Chapter 65, Section 8, as amended) is amended to read:
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0020|          "7-17-5.  IMPOSITION AND RATE OF LIQUOR EXCISE TAX.--
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0021|     There is imposed on any wholesaler who sells alcoholic
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0022|     beverages on which the tax imposed by this section has not
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0023|     been paid an excise tax, to be referred to as the "liquor
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0024|     excise tax", at the following rates on alcoholic beverages
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0025|     sold:
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<center>- 1 -</center>0001|               A.  on spirituous liquors, one dollar sixty cents
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0002|     ($1.60) per liter;
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0003|               B.  on beer, except as provided in Subsection E of
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0004|     this section, forty-one cents ($.41) per gallon;
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0005|               C.  on wine, except as provided in Subsections D
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0006|     and F of this section, forty-five cents ($.45) per liter;
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0007|               D.  on fortified wine, one dollar fifty cents
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0008|     ($1.50) per liter;
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0009|               E.  on beer manufactured or produced by a
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0010|     microbrewer and sold in this state, provided that proof is
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0011|     furnished to the department that the beer was manufactured or
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0012|     produced by a microbrewer [twenty-five cents ($.25)] twelve
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0013|     cents ($.12) per gallon;
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0014|               F.  on wine manufactured or produced by a small
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0015|     winer or winegrower and sold in this state, provided that
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0016|     proof is furnished to the department that the wine was
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0017|     manufactured or produced by a small winer or winegrower, ten
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0018|     cents ($.10) per liter on the first eighty thousand liters
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0019|     sold and twenty cents ($.20) per liter on all liters sold over
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0020|     eighty thousand liters but less than three hundred seventy-
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0021|     five thousand liters; and
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0022|               G.  on cider, forty-one cents ($.41) per gallon."
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0023|          Section 2.  EFFECTIVE DATE.--The effective date of the
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0024|     provisions of this act is July 1, 1998.
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0025|                              
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