Amends TCA Section 57-5-201 and Section 67-4-402.

Present law levies taxes of $4.29 per barrel of beer and 1.9 percent of a person's gross receipts derived from the bottled soft drink business. Fifty cents of the barrel tax and 0.4 percent of the bottled soft drink tax are allocated to the highway fund for the purpose of funding programs for litter prevention. Under present law, the barrel tax will be reduced by 50 cents and the bottled soft drink tax will be reduced by 0.4 percent, and the corresponding allocations to the highway fund for litter prevention will cease, on July 1 of any year following the enactment of any state or federal law that imposes mandatory deposits by consumers on beverage containers sold in Tennessee or on July 1, 2022, whichever occurs first. This bill extends the levy of 50 cents for the barrel tax and 0.4 percent for bottled soft drink tax, and the corresponding allocations to the highway fund for litter prevention, to the earlier of enactment any state or federal law that imposes mandatory deposits by consumers on beverage containers sold in Tennessee or on July 1, 2028.