HB24 Alabama 2015 2nd Special Session

Sponsors

Session

Second Special Session 2015

Title

Soft drinks, canned or bottled, bulk syrup or powders used to produce, add'l. excise tax auth. on wholesale sale, collection and distribution by Revenue Dept.

Description

<p class="bill_description"> Under current law, there is no specific excise tax on bottled or canned soft drinks or bulk syrup or powders used to produce such drinks</p><p class="bill_description"> This bill would levy an excise tax on certain bottled or canned soft drinks and bulk syrup or powders used to produce drinks sold at wholesale in this state and would provide for the distribution of the proceeds</p><p class="bill_entitled_an_act"> To levy an additional excise tax on the wholesale sale of canned or bottled soft drink beverages and the bulk syrup or powders used to produce the beverages; and to provide for the collection and distribution of the net proceeds of the tax by the State Revenue Department. </p>

Subjects

Taxation