Tax & Accounting Blog

Maryland Approves Tax On Alcoholic Beverages

Blog, Indirect Tax May 25, 2011

Maryland Governor Martin O’Malley signed-off on a new tax increase on the purchase of alcoholic beverages.

Effective 1 July 2011, Maryland consumers will experience a 3.0% tax increase on alcoholic purchases.

This tax increase garnered plenty of support on the grounds that it would effectively provide more income for the state while additionally showing benefits for the overall public health in the state. 

This new levy is estimated to raise roughly $85 million per year, which will be used towards benefiting public health and education programs.  Prior to this increase, Maryland ranked amongst the lowest in regards to state tax rates on alcoholic beverages.