Maryland estimates the state raised roughly $6 million in added revenue in July from a 50 percent increase in the state’s sales tax on alcohol.
David Roose, director of the Maryland Bureau of Revenue Estimates, said Monday it’s hard to tell from the first month of a new tax how much will be raised on a yearly basis.
If July turns out to be the average, it would add up to about $72 million in extra state revenue a year. Initial estimates projected the tax would raise roughly $85 million a year. > > > > Read More