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IN SB0127
Bill
AI Summary
SB 127 Summary
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Reduces beer excise tax to $0.035 per gallon for first 500,000 gallons and $0.075 per gallon for next 14.5 million gallons if at least 20% of hops or barley are grown in Indiana, effective January 1, 2017 through December 31, 2019.
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Increases Indiana-grown ingredient requirement to 40% of hops or barley after December 31, 2019, maintaining the same reduced tax rates of $0.035 and $0.075 per gallon.
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Maintains standard tax rate of $0.115 per gallon on all beer and flavored malt beverage sales exceeding 15 million gallons annually.
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Adjusts beer excise tax distributions to state funds by specifying $0.005 per gallon on lower-tier sales and $0.025 per gallon on mid-tier sales across the General Fund, Postwar Construction Fund, and Enforcement and Administration Fund.
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Effective July 1, 2016.
Legislative Description
Beer excise tax. Lowers the beer excise tax rates to: (1) $0.035 for the first 500,000 gallons of beer or flavored malt beverage sold in Indiana; and (2) $0.075 for the next 14.5 million gallons of beer or malt beverage sold in Indiana; if certain percentages of the hops and barley in the beer or malt beverage are grown in Indiana. Adjusts the distributions of the beer excise tax.
Last Action
First reading: referred to Committee on Public Policy
1/5/2016