New York City alcohol tax would triple, adjust to three-plus decades of inflation under proposal
According to the IBO, the city’s tax rate of 12 cents-per-gallon on beer and a dollar-per-gallon on liquor has remained steady since 1980. Due to inflation, revenue is now down to about a third of what it was that year, they said, suggesting upping the tax to 34 cents and $2.80-per-gallon, respectively, and adding a new tax of 30 cents-per-gallon on wine. The moves, which would require approval in Albany, would net the city an added $49 million in revenue a year.
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