Malt beverage tax.

05LSO-0380.L4

                                                         

FISCAL NOTE

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
GENERAL FUND	830,000	850,000	870,000

 

Source of revenue increase: Excise tax of one and one-half cent ($.015) per liter (33.8 ounces) or fraction thereof on malt beverages.

 

Assumptions:

 

Malt beverage sales will increase on the average of 1.9 percent per year, based on a ten year average.

 

The revenue from this tax increase will be transferred to the State Treasurer who will distribute the tax as follows:

 

• Deposit the tax into the General Fund to the credit of the Department of Health to reimburse acute care hospitals and health care providers for unreimbursed trauma care as provided in 05 Senate File 0077, if that bill is enacted into law;
• If the program specified above is not authorized or is no longer functioning, the tax will be deposited into the General Fund to the credit of the Department of Health, Substance Abuse Division for assessment and treatment of substance use and abuse.

 

This bill is effective July 1, 2005

 

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

(Information provided by Bill Pomeroy, Dept. of Rev.; phone 777-6448)

 

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

 

Department of Revenue