Malt beverage tax increase.

14LSO-0103.L1

FISCAL NOTE

	FY 2015	FY 2016	FY 2017
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
GENERAL FUND	2,430,000	2,460,000	2,480,000

Source of revenue increase:

New excise tax on malt beverages of four and one-half cents ($0.045) per liter

Assumptions:

The above estimate is based on actual excise taxes collected on malt beverages in FY 2013 by the Liquor Division of the Department of Revenue.

It is assumed that malt beverage sales will increase by one percent each year.

This bill is effective July 1, 2014 (FY 2015).

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

(Information provided by Greg Cook, Dept. of Revenue; 777-6448)