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Maryland's 50 percent increase in alcohol tax rates generated an additional $6 million revenue during July.
Maryland is releasing preliminary revenue figures for a 50 percent increase in the state's sales tax on alcohol this summer. The state took in approximately $6 million of additional revenue in July.
David Roose, Director of the Maryland Bureau of Revenue Estimates, says it's hard to tell from the first month of a new tax how much will be raised on a yearly basis.
He says several factors could have affected the July revenues. People may have stocked up on alcoholic beverages in June, and seasonal factors can play a role.
If the figure for July turns out to be the average, it would add up to approximately $72 million in extra state revenues a year. Initial estimates projected that number to be approximately $85 million a year.
NPR
Book News: Judge's Comments Bruising To Apple's Price-Fixing Case
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Political Attacks Ramp Up In U.S. Senate Race In Mass.
In Massachusetts, what's been a relatively lackluster campaign to fill the U.S. Senate seat vacated by Secretary of State John Kerry is heating up. Veteran Democratic Rep. Ed Markey is running against Republican Gabriel Gomez, a businessman and former Navy SEAL. Gomez is a political newcomer.NPR
Viewers To Decide If Amazon's Sample Shows Make The Cut
Amazon is piloting 14 possible shows for its streaming video service. The audience will vote on which shows it likes best. TV critic Eric Deggans says the process and the shows would like to be breaking ground for a new media — but they aren't.Leave a Comment
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