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IN SB0288
Bill
AI Summary
- Reduces beer excise tax rates for breweries using Indiana-grown hops and barley: $0.035 per gallon for the first 500,000 gallons and $0.075 per gallon for gallons 500,001 to 15 million, with standard $0.115 rate applying to sales exceeding 15 million gallons
- From January 1, 2018 through December 31, 2020, requires at least 20% of hops or barley be grown in Indiana to qualify for reduced rates
- After December 31, 2020, increases the Indiana-grown ingredient requirement to at least 40% of hops or barley to maintain reduced tax rates
- Adjusts distribution of collected beer excise tax revenue among state funds, including general fund, postwar construction fund, and Enforcement and Administration Fund
- Takes effect July 1, 2017
Legislative Description
Farm to glass 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
1/9/2017
Committee Referrals
Public Policy1/9/2017
Full Bill Text
No bill text available