Wednesday, February 18, 2009

Wine producers may dodge alcohol tax

The latest from the office of 6th District Assemblyman Jared Huffman is that a potentially crippling state alcohol excise tax will be voted down this week. This new development comes as a welcome surprise to California wine producers, who braced for the worst in light of a proposed tax that would steeply increase fees per gallon of wine. Referred to as the “nickel-a-drink” tax, this measure would raise the state’s wine tax by 640 percent, with fees increasing from $0.20 per gallon of wine to $1.48 per gallon. The increase would reverberate through all segments of the wine industry, including hotels and restaurants. Click on this Link to article

No comments: