Amends TCA Title 57, Chapter 5 and Title 67, Chapter 4.
Tennessee SB0574 reduces the special privilege tax on beer from $4.29 to $2 per barrel and eliminates the requirement for a future reduction based on certain conditions. It affects individuals and businesses involved in the storage, sale, distribution, or manufacturing of beer in Tennessee. Key provisions include the allocation of the tax revenue, with one dollar per barrel designated for litter prevention and recycling grants, and a requirement for annual reporting on fund usage by the departments of transportation and environment and conservation.
Tennessee SB0574 reduces the special privilege tax on beer from $4.29 to $2 per barrel and eliminates the requirement for a future reduction based on certain conditions. It affects individuals and businesses involved in the storage, sale, distribution, or manufacturing of beer in Tennessee. Key provisions include the allocation of the tax revenue, with one dollar per barrel designated for litter prevention and recycling grants, and a requirement for annual reporting on fund usage by the departments of transportation and environment and conservation.
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Powers, Bill
114th General Assembly
January 30, 2025
February 12, 2025
Passed on Second Consideration, refer to Senate State and Local Government Committee