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VOL. 128 | NO. 71 | Thursday, April 11, 2013

Beer Tax Bill Headed to Governor

AP

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NASHVILLE (AP) – A proposal to freeze the state's beer tax is headed to the governor for his consideration.

The measure was approved 87-2 in the House on Wednesday. The Senate approved it 30-1 earlier this week.

Tennessee's beer taxes outstrip any other state's because the bulk of the levy is based on price rather than volume. The more a beer costs, the higher the taxes that must be paid to buy it.

In Tennessee, brewers pay federal and state taxes per 31-gallon barrel, and then a 17 percent tax is charged to wholesalers based on price. Consumers then pay as much as 9.75 percent in sales taxes on top of the previous charges.

The proposal would convert the 17 percent tax to a flat tax in line with the current rate.

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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 157 10,439
MORTGAGES 81 169 12,186
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 476 639 22,636
BANKRUPTCIES 58 122 7,212
BUSINESS LICENSES 16 35 3,640
UTILITY CONNECTIONS 35 148 7,812
MARRIAGE LICENSES 16 48 2,628

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