HI HB1982

Defines "low alcohol by volume spirits beverage" as any alcoholic beverage containing no more than 5% alcohol by volume, including distilled spirits mixed with other ingredients.

Establishes a new liquor tax category for low alcohol by volume spirits beverages at $1.98 per wine gallon, effective July 1, 2024.

Updates the effective date of existing liquor tax rates from July 1, 1998 to July 1, 2024 for distilled spirits, sparkling wine, still wine, cooler beverages, and beer categories.