Friday, May 1, 2015

Report on sale, taxation of alcoholic beverages

The Division of Taxation today posted its annual report on the sale and taxation of alcoholic beverages.

Summary of findings (dollars in millions)

2013
2014
Difference
Gross sales of alcoholic beverages by liquor stores
$  316.5
$  358.8
+ 13.4 %
Net taxable sales of alcoholic beverages by liquor stores
$  289.9
$  136.5
-  52.9 %
Sales tax collected and remitted by liquor stores
$    20.3
$      9.6
-  52.7 %
Excise tax on sales by wholesalers to liquor stores*
$    10.1
$    15.6
+ 54.5 %
Figures are rounded and are for calendar year.
* Wholesalers/distributors pay excise tax on alcoholic beverages they sell, net of inventory, to liquor stores.