Horrors ! More Tax on Alcohol
They almost didn't pass this one, but it looks like those of us who purchase alcoholic beverages are going to be contributing to the debt relief of the state. The Louisiana House has agreed to raise taxes on alcohol, but don't take the pledge right now, it's not going to be that bad.
Now, this past Friday, that tax hike didn't get the 70 votes needed to pass the tax, but after a few days of hashing it over, the another vote was taken and this time the vote was 76-25 and the bill was passed on to the Senate.
How will that effect the price of your favorite beer? Well, it actually comes out to a bit less than a penny a can. That's not a big hike and the tax is expected to bring in about $9 million by the end of the fiscal year and about $27 million in 2017.
The alcohol tax hike is one of several measures being considered to stabilize the state's budget before the end of special session on Wednesday.