Wow, what a response we received yesterday! For those of you who are a day late to the party, the Governor approved the Sin Tax bill this week which called to significantly raise prices on beer and alcohol throughout the Territory. The good news is that the final numbers are pretty much less than half of what was initially proposed. Here are the details:
- The tax on foreign beers will be $6.08 a case. This is only $4 more than the current tax.
- The tax on domestic beers will be $5.00 a case. This is only $3.45 more than the current tax.
- Liquors or distilled spirits will be taxed at 10 percent as stated in the original proposal.
We chatted with one of our favorite bar managers this morning, and he said that the new numbers aren’t going to affect the bars and restaurants too drastically, although we still need to learn how the distributors will handle this. So beer prices may go up a dollar or so, but that’s not really too terrible in the scheme of things, is it? It’s definitely not a reason to cancel your vacation to our beautiful little slice of paradise.
And with regarding to the proposed timeshare tax, it is being called an “Environmental/Infrastructure Impact Fee.” That fee will be $25 per day of occupancy. The “timeshare plan manager” or “timeshare association” will be responsible for “collecting the fee” according to the Bill.
One thing I found interesting in the Bill, which I have yet to hear anything on, is a new tax on boats. There’s a three percent increase, although I’m not certain is that’s an annual tax, a sales tax or what. We’ll try to get more info on that.
In the meantime, don’t cancel your trip. Stop researching news islands. And come and see us!