LEGAL TIP OF THE WEEK
NEW LIQUOR LAWS RAISE REVENUE
Now that beer and alcohol are sold in grocery and retail stores, the changes are more than just convenience. Full strength beer and wine are taxed at different rates than other products, and retail taxes on products help boost the economy. Adding beer and wine to retail establishments will increase revenues while providing the one stop shopping convenience Oklahomans crave. Over the years, we can likely expect to see a rise in what is being taken in by way of taxes, and we’ll be looking to local government and officials to properly appropriate those funds.
For more information, contact us online today www.hostylaw.com or by calling the office at (405) 235-4040.