Wyoming Proposes Raising Booze Prices to Generate More Revenue


According to The Sheridan Press, Wyoming lawmakers are proposing an increase in the price of booze in the state to raise more revenue:

Wyoming residents could see an increase in prices on wine and spirits beginning next summer.

The Joint Interim Revenue Committee approved a bill proposing a 3 percent increase in the maximum state profit on sales of wine and spirits earlier this month. The proposal will now be introduced when the Legislature meets Feb. 12 and needs a two-thirds approval to officially go to voting.

The 3 percent increase would raise the maximum state profit from 17.6 percent to 20.6 percent and would earn around $3 million annually for the state...

If passed, the bill would go into effect July 1, 2018. The proposal is not a direct tax on customers. Rather, it would increase the amount the state liquor division can receive from retailers when they sell wine and liquor. Of course, this would decrease profits for retailers, who may raise prices as a result.

Wyoming is one of 17 control states in the country, meaning the state has a monopoly on wholesale distribution of liquor — excluding malt beverages — and most wine..."

Read more here.