New York State lawmakers are weighing new regulations related to the supply of liquor and wine sold in the state – with the goal of better tracking distribution and cutting down on excise tax avoidance.
Please join REMI Senior Economist Peter Evangelakis, Ph.D. for his webinar on Wednesday, May 29th from 2 to 3 p.m. (ET) when he will present “Tracking Alcohol: Economics of Excise Taxes” – a look at the revenue and economic impacts from improved excise tax collection.
Proposed legislation would mandate that all wine and liquor sold in New York State come from a primary American source of supply – the original manufacturer or the next closest source in the supply chain, such as another manufacturer or bottler or the authorized exclusive agent. The changes would help the state trace alcohol back to a wholesaler that would pay excise taxes, while also preventing bootlegging.
For this webinar, Dr. Evangelakis will review the current challenges, the proposed changes, and the economic implications. REMI evaluated the potential increase in combined New York State and New York City alcohol excise tax revenue, along with the related effects on employment, income, and Gross State Product. He will explore these findings and describe the economic modeling methodologies behind the analysis.