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[email protected] jj@unspameljefe.net is offline
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Default New York "floor tax" on wine starts May 1

http://www.decanter.com/news/280605.html

The state of New York is to impose a 'floor tax' on all beer and wine
wholesalers and retailers.

The tax – due to come into effect on May 1 – will levy a charge on all
wine and beer held in stock, and, according to the New York State
Liquor Stores Board, charge 'at the rate of thirty-two and seven
hundredths cents per gallon based on inventory.'

It will affect all wine stores in the New York area, but will be
particularly punitive for companies such as Zachys, who have some of
the,largest stocks of old wines in the region. At the same time there
will be a rise in excise tax to 30c per gallon.

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