M.A. Alcohol Tax Cut Hurt Bottom Line At N.H. State-Owned Liquor Stores

Ben Leubsdorf writes that New Hampshire liquor store sales are down 4 percent from predicted level. The commission’s chief financial officer attributes the loss to a “perfect storm” of influences, including a 2011 law eliminating the Massachusetts sales tax on alcohol; increased gas prices; and a still shaky economy.

Revenue from state-owned liquor stores has trailed expectations the last couple of years, in part because Massachusetts eliminated its 6.25 percent sales tax on alcohol in 2011, according to the New Hampshire Liquor Commission’s chief financial officer.

Read more at: www.concordmonitor.com

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