Malt beverage excise tax.

03LSO-0102.C1

                                                         

FISCAL NOTE (HB0012)

 

 

 

FY 2004

FY 2005

FY 2006

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase:

 

 

 

EARMARKED REVENUE

750,000

757,000

765,000

 

Source of revenue increase:

 

New excise tax applied to malt beverages sold at wholesale.

 

Assumptions:

 

Assumes growth rate of sales to be fairly stable with 1 percent positive growth each year.

 

The revenue from this tax increase will be transferred to the State Treasurer and continuously appropriated to the Department of Health for programs to prevent, intervene in, and otherwise limit alcohol and substance abuse.

 

This bill is effective July 1, 2003.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881

(information provided by Lisa Burgess, Department of Revenue;

phone 777-6448)