Malt beverage tax.

04LSO-0153.L2

                                                         

FISCAL NOTE (HB0123)

 

 

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
LOCAL SOURCES FUND	792,000	800,000	806,000

 

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 in FY 2005, FY 2006, and FY 2007 will continue to grow at a slightly lower rate than previous years.

 

The revenue from this tax increase will be transferred to the State Treasurer and distributed to cities, towns, and counties based their proportion of malt beverage sales.

 

This bill is effective July 1, 2004.

 

 

 

 

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

(information provided by Bill Pomeroy, Department of Revenue;

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