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Tax collections up over last year.

According to recently compiled data from the Bureau of Alcohol, Tobacco and Firearms (ATF), alcohol tax collections increased 19 percent in fiscal year 1991 when compared to the previous year. Individually, taxes on beer accounted for over $2.9 billion in 1991, a 42.4-percent increase over 1990's figures.

According to the bureau, the new figures indicate that the total tax collected in 1991 was over $7.2 billion, compared to 1990's total of $5.8 billion.

"The excise tax increase effective January 1, 1991, did not have an adverse effect on overall tax collections," reported ATF director Stephen Higgins.

"While there were concerns that the tax collection would decline because of the excise tax increase, that did not materialize," Higgins continued.

Higgins added that the figures did not reflect revenue gained from the floor stocks tax, which brought in over $477 million.
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Title Annotation:alcohol tax collection
Publication:Modern Brewery Age
Date:Jun 1, 1992
Words:143
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