Ma Alcohol Tax. The measure passed with 52% of the vote thereby eliminating the sales tax on alcohol beginning january 1, 2011. Excise taxes for cannabis sold for adult recreational use have exceeded alcohol excise taxes for the first time in the state.
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Note that these revenues don’t embrace the […] The state disclosed that it. Massachusetts is officially collecting more tax revenue from marijuana than alcohol, state data shows.
As Of December, The State Had Collected About $74.2 Million In Marijuana Excise.
Note that these revenues do not include […] Massachusetts collected $74.2 million in cannabis excise tax through december 2021, wcvb first reported, while alcohol sales collected $51.3 million. With the fiscal year halfway over, state revenue from the marijuana excise tax is outpacing revenue from alcohol.
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Beer, wine, and spirits are subject to the state sales tax. The state levies a 10.25 percent excise tax on marijuana purchases by the consumer in addition to the local option tax of up to 3 percent and the state’s 6.25 percent sales tax. The ballot measure for the 2010 ballot was added after the massachusetts state legislature increased the sales tax in the state from 5% to 6.25% and eliminated an exemption for alcohol sold in liquor stores.
The Taxes On Cannabis And Alcohol Are Structured And Applied Differently.
But if the wine has alcohol of 14% to 22%, the tax rises to $1.30. The excise on alcohol is based on volume and is paid by the producer. The state disclosed that it.
That Marks The First Time Cannabis Income Has
Excise taxes from recreational cannabis sales have passed alcohol taxes for the first time. Depending on the type of business, where you're doing business and other specific regulations that may apply, there may be multiple government agencies that you must contact in order to get a massachusetts alcohol tax. The government of massachusetts has revealed that it is generating more tax revenues from its marijuana industry than its alcohol sector.
The Massachusetts Excise Tax On Liquor Is $4.05 Per Gallon, Lower Then 68% Of The Other 50 States.
At the halfway point of the fiscal year in december 2021, the state had collected $51.3 million in alcohol taxes and $74.2 million in cannabis taxes. Massachusetts is officially collecting more tax revenue from marijuana than alcohol, state data shows. In massachusetts, liquor vendors are responsible for paying a state excise tax of $4.05 per gallon, plus federal excise taxes, for all liquor sold.
