» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 21 | Thursday, January 31, 2013

Brewers Call for Freezing Tennessee Beer Taxes

ERIK SCHELZIG | Associated Press

Print | Front Page | Email this story | Comments ()

NASHVILLE (AP) – The brewing industry wants Tennessee lawmakers to declare last call on the state's ballooning beer taxes.

Under a proposal unveiled Wednesday, the state wouldn't lose its ranking as the highest-taxed beer in the country, but it would halt future increases tied to rising costs and inflation.

Beer in Tennessee is currently subject to three taxes. Brewers pay federal and state taxes per barrel, and then a 17 percent tax is charged to wholesalers based on price. Consumers pay sales taxes on top of the previous charges.

The measure would convert the local tax to be based on volume. The proposal would mean no loss in revenues for city and county governments in the first year but would halt the steady growth in beer tax collections in future years.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 92 388 9,204
MORTGAGES 119 513 12,365
FORECLOSURE NOTICES 0 98 2,526
BUILDING PERMITS 0 960 20,801
BANKRUPTCIES 77 338 7,964
BUSINESS LICENSES 14 91 3,315
UTILITY CONNECTIONS 180 695 11,718
MARRIAGE LICENSES 33 147 2,815

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.