MN SF2537

Adds a new definition of "low-alcohol volume prepackaged beverages" as canned or bottled alcoholic beverages made from distilled spirits and nonalcoholic ingredients containing not more than 14 percent alcohol by volume.

Sets the excise tax rate for low-alcohol prepackaged beverages at $.95 per gallon ($.25 per liter), the same rate as wine containing more than 14 percent but not more than 21 percent alcohol by volume.

Reduces the excise tax on low-alcohol prepackaged beverages from the standard distilled spirits rate of $5.03 per gallon ($1.33 per liter) to the lower wine-based rate.

Both sections are effective July 1, 2023.