This bill proposes the repeal of the Liquor Excise Tax Act, the distributions of the Liquor Excise Tax, and the Local DWI Grant Program Act, along with making necessary conforming and technical changes to existing tax laws. Specifically, it amends Section 7-1-2 NMSA 1978 to remove references to the Liquor Excise Tax Act and replace it with the Local Liquor Excise Tax Act, while also updating the list of applicable taxes under the Tax Administration Act. Additionally, it modifies the requirements for the transfer, assignment, sale, lease, or renewal of liquor licenses to exclude the liquor excise tax from the criteria for determining delinquency in tax payments.

Furthermore, the bill amends Section 60-6A-11.1 NMSA 1978 regarding direct wine shipment permits, removing the requirement for permit holders to register and pay liquor excise taxes, while still requiring them to pay gross receipts taxes. The bill also includes a repeal of several sections related to the liquor excise tax and its administration. The provisions of this act are set to take effect on July 1, 2025.

Statutes affected:
introduced version: 7-1-2, 7-1-82, 60-6A-11.1