Minnesota’s Economic News — W/E 9/24/21
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It is common knowledge that Minnesota is a high tax state and one of the least tax-friendly states in the country. These high taxes go far beyond corporate, income, and property taxes; even champagne taxes are high in Minnesota.
According to the state Tax Foundation, Minnesota has the 3rd highest excise tax on champagne in the nation. The other two states with taxes higher than Minnesota are Florida and Kentucky.
As of 2019 customers in Minnesota pay an excise tax of $2.72 per gallon of champagne compared. Compared to 2015 Minnesotans paid $1.82 per gallon of champagne. This presents close to a 50% rise in champagne excise tax between 2015 and 2019. Between 2015 and 2019 Minnesota has moved from 6th highest champagne tax to 3rd.