Malt beverage excise tax. |
03LSO-0102.C1 |
FISCAL NOTE (HB0012)
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FY 2005 |
FY 2006 |
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NON-ADMINISTRATIVE IMPACT |
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Anticipated Revenue Increase: |
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|
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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)